Davis Discusses P&G Activist Nelson Peltz, Overloaded Board of Directors

05 August 2017 The Street News
Partner Gardner Davis was quoted in a The Street article, “Peltz’s Battle Puts Spotlight on P&G’s Director Problem,” discussing investor Nelson Peltz and his activist attack on Procter & Gamble’s (P&G) board of directors.

Peltz is currently arguing that P&G’s directors are too overcommitted to devote attention to his campaign to join the board. According to BoardEx, P&G’s directors serve on average of 2.63 public boards, which is well above the average of 2.01 directorships for S&P 500 corporations.

Davis explained that although P&G’s directors “certainly have a lot of time commitments” because they serve on the boards for ‘A list’ companies, independent directors should serve on exactly two big public corporate boards if they want to maximize productivity. “Being on the boards of two different large cap board will help develop ideas. You will learn from the other directors and see how they react and bring those ideas to bear on company two,” he said.

The Street continues on by reporting that Peltz currently serves as a director for four other major public corporations and would likely need to step down in order to successfully serve on P&G’s. Davis commented on this by explaining “it is unfair to attack Peltz as overboarded because for him, this is his day job.”

Related Services

Insights

California Statute Offers Dramatic Change to Independent Contractor, Franchise-Franchisee Relationships
20 September 2019
Legal News: Distribution & Franchise
AI Ouch! AI Job Interview Law Starting in 2020!
20 September 2019
Internet, IT & e-Discovery Blog
RCE PTA Carve-Out Resumes After Interference
18 September 2019
PharmaPatents
The Ninth Circuit Expected to Rule that Doctors Can Be Wrong in the Winter v. Gardens False Claims Act Case
18 September 2019
Legal News: Government Enforcement Defense & Investigations
Lacktman, Ferrante Cited in mHealth Intelligence About Ryan Haight Act
19 September 2019
mHealth Intelligence
Vernaglia Comments on AHA v Azar Decision
18 September 2019
MedPage Today
Tinnen Discusses How Viewpoint Diversity Helps Businesses Thrive
18 September 2019
InsideTrack
Lach Comments on Launch of New Group
16 September 2019
BizTimes Milwaukee
MedTech Impact Expo & Conference
13-15 December 2019
Las Vegas, NV
Review of 2020 Medicare Changes for Telehealth
11 December 2019
Member Call
BRG Healthcare Leadership Conference
06 December 2019
Washington, D.C.
CTeL Telehealth Fall Summit 2019
04-06 December 2019
Washington, D.C.