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Morrow Sodali taps Shammai as corporate governance directorMonday February 19, 2018

International proxy solicitation firm Morrow Sodali has bolstered its team of corporate governance specialists by tapping David Shammai from Dutch pension fund manager APG Asset Management.

Shammai will join the firm as a corporate governance director - cross border and will be based in the company’s London office. He will focus on the firm’s “growing corporate governance activities across its European offices,” Morrow Sodali said in a statement.

“In recent years, we have seen across many markets that institutional investors are broadening the range of topics they wish to discuss with their portfolio companies,” Shammai said in prepared remarks. “Whilst traditionally it was mainly about financial performance, new issues such as corporate governance and sustainability are now a mainstream topic of discussion in many markets.”

Corporate governance has been increasingly at the epicenter of engagement between firms and shareholders. In order to stave off activist threats, companies have boosted their conversations with shareholders, enlisting firms such as Morrow Sodali to help with the process.

Morrow Sodali has been on a hiring spree lately. In October, it appointed former Paysafe Group communications director Oliver Parry as a corporate governance director, while a month earlier it poached Charles Koons from MacKenzie Partners to head its activism practice.

“Having David onboard - from one of the world’s largest fiduciary asset managers - demonstrates our reinforced commitment to helping companies define issues and deal with them proactively before problems arise,” Alvise Recchi, CEO of Morrow Sodali, said in a statement.

Written by our in-house reporters, this article was first published on Monday February 19 on Activist Insight Online. To sign up for a free trial of the service, please click here.