Shareholder activism can be a powerful force for value creation. But it can also make boards of directors feel as though they have lost control of their destinies.
Craig Coleman’s Viburnum Funds in Perth is carving out a reputation as arguably the most activist shareholder in the small- to mid-cap space in Australia at the moment.
Along the way, Coleman is creating waves as some directors question whether his style of activism undermines their ability to act in the best interests of all shareholders.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
