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


A Review of Recent Whistleblower Developments
19 July 2019
Legal News: Whistleblower Developments
Cloud security inadequate for Cyber threats, are you surprised?
19 July 2019
Internet, IT & e-Discovery Blog
Blockchain: A Tool With a Future in Healthcare
18 July 2019
Health Care Law Today
Do You Know What IMMEX Stands For?
16 July 2019
Dashboard Insights
Review of 2020 Medicare Changes for Telehealth
11 December 2019
Member Call
2019 NDI Executive Exchange
14-15 November 2019
Chicago, IL
MAGI’s Clinical Research Conference
29 October 2019
Las Vegas, NV
Association for Corporate Counsel Annual Meeting 2019
27-30 October 2019
Phoenix, AZ