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MARKET RATE: Activist investors are often more concerned with short-term performance than long-term strategy.

The emergence of activist boards

The boards of some major US and Australian companies have responded to shareholder activism by becoming more active in their pursuit of best practice.

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1st-Herbert Smith Freehills131
2nd-Clayton Utz91
3rd↓Jackson McDonald88
4th↑MinterEllison85
5th↓King & Wood Mallesons81
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