Rakon board battle shows growth in shareholder activism

The tide of shareholder activism continues to rise when it comes to board appointments. (Image: Getty)

Tue, 05 Aug 2025

With Rakon informing the NZX that there is a battle for the board coming up at its AGM, it seems the tide of shareholder activism continues to rise.In New Zealand and internationally, we're seeing more shareholders attempting to get board seats, challenge appointments, or gain influence over who chairs the board. That’s not new, but the motivation behind this wave of shareholder activism is very modern.As one Rakon shareholder recently stated in their campaign to become a board chair: “I do feel that the priorities from the...

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