Starboard loses initial legal fight against Autodesk, but the battle may just be beginning
Publishing timestamp: 2024-06-22 07:09:16
Summary
Autodesk, a leader in design and engineering software solutions, is facing activist investor Starboard's push for governance changes following delayed disclosure of internal investigation. Starboard believes that operational performance, capital allocation policies, and investor communications need improvement. The company's response to the investigation will determine the level of governance changes needed for enhancing shareholder value.
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Keywords: hedge funds, business news, autodesk inc, investment strategy,