When Governance Engagement Works: Fresenius Re-visited – September 1, 2005

Posted in Blogroll at 2:31 pm

The efforts of a small group of active investors attempting to engage Fresenius on that company's proposed reorganization appear to have borne fruit. Although the group, led by the U.K.'s largest pension-fund manager, Hermes, apparently had no chance of actually derailing the transformation of Fresenius into a quoted, limited partnership (KGaA), they were important enough and credible enough to be able to persuade the company to make some important modifications in its proposed new structure. Read more [...]