Activitist investor demand changes at Barrick Gold Corporation (NYSE:ABX)

Posted by Peter Lauro September 20, 2013 0 Comment 879 views

Barrick Gold Corporation (NYSE:ABX) is the onlinepharmacy-viagra largest gold miner in the world. It has come up against an activist shareholder. This shareholder is a one of UK’s largest institutional investors, PGGM. It is a pension fund manager for social workers and nurses. This unusual investor is asking that governance changes be incorporated at the company. Amongst other things, it is asking for speeded-up boardroom realignment and also an appropriate succession-plan for Peter Munk, the founder.

The board changes

In tandem with

cialis generic some other UK fund managers, PGGM wants to see cheap generic ed medium set Barrick Gold Corporation (NYSE:ABX) make some changes to directors on the company board and wants more independent-directors to take their place. In addition, it is asking that a succession plan be drawn-out for the co-Chairman, Peter Munk. There was a Flash Memory Recovery Here levitra coupon is an example of a flash memory device that we received generic viagra for propecia recovery levitra dosage in the lab this week. time when large Dutch viagra for women pension funds used to be more “in the sidelines”. But this move has changed that notion as this Dutch investor

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has taken a more aggressive and activist stand.

In totality, Dutch pension funds have approximately $1.28 Trillion (€960 billion) in assets. The Dutch Central Bank said that 84 percent of this amount is invested in countries other from the Netherlands. A major portion of this amount is invested in company stock and bonds.

The strategy shift

The one thing that has happened today is that pension funds are moving through a rough patch. The losses they suffered while in the throes of the 2008-2009 financial crises, left most of them in bad shape. Many funds have gone onto developing new investment strategies and environment issues and human rights violation are being paid more attention. Corporate governance in their holdings is something that these pension

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fund are focusing on as well and at the moment, Barrick Gold Corporation generic cymbalta (NYSE:ABX) is bearing the brunt of it all.

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