The Victoria’s Secret owner is reportedly considering strategic alternatives for the lingerie chain as a standstill agreement with Jim Mitarotonda’s activist fund is set to expire and a deadline to nominate directors approaches.
The medical device company’s problems with share price performance and a cooperation agreement signed by an expert in the field suggest a director fight and push to oust CEO Fred Lampropoulos could be next.
Recently, BoardEx surveyed the portfolio companies in its system, about 15,000 in total, finding that the PE representatives on boards tend to be younger and are more likely to be male.
In the surveyed universe, 10.4% of all board members are women, while only 5.4% of non-executive directors representing PE firms on the boards are women.
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