Daily Archives: October 8, 2013

Carl Icahn’s purchase of a 5 per cent stake in the Canadian company Talisman Energy marks the entry of activist shareholders into the energy business. Could it indicate the beginning of a revolution?

Activist shareholders have a bad reputation, particularly in Europe where they are seen as asset strippers who pull apart good businesses for a short-term gain. That can happen but they can also be very productive in forcing companies to examine very hard what they are doing with their shareholders’ money. Read more

Just before the summer I was asked to advise a group of non-executive directors who serve on the board of a very large international energy business. They wanted to know what skills and attributes I thought they should be looking for in appointing a new chairman. Wisely they were putting the identification of qualities ahead of the search for names.

Every company faces different issues. But I think many of the following key points apply across the energy industry to companies large and small.

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