Episode 7 | Activism in Capital Markets with Professor Kevin Kaiser

16/10/2025 44 min

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Episode Synopsis

In this episode of Beyond The Ticker, Professor Kevin Kaiser discusses the evolution of shareholder activism, its impact on corporate governance, and the changing landscape of capital markets. He explores how activism has shifted from aggressive tactics to more collaborative approaches, the role of institutional investors, and the implications of recent innovations in voting mechanisms. The conversation also delves into global perspectives on activism, particularly in Japan, and highlights the key factors that contribute to successful activism campaigns.takeawaysActivism is evolving and takes many flavors.Shareholder activism is a source of useful thought.Activism is becoming a mainstream feature of capital markets.On average, activism leads to a 7% increase in firm value.Exxon’s auto voting could weaken shareholder rights.The universal proxy card has changed the balance of power.Activism styles vary by region due to culture and law.Japan is the last frontier of activism.Pick the right target for activism success.A strong company is the best defense against activism.