ICR has hired Lyndon Park, a veteran of Dimensional Fund Advisors and Blackrock Investment Stewardship, to lead its newly established governance advisory solutions practice.
The unit will counsel boards and management teams on governance matters and how to forge long-term constructive ties with institutional investors.
Park, who was involved in tough proxy fights including Procter & Gamble vs. Trian Partners and Valeant/Pershing Square vs. Allergan, will oversee 150 ICR professionals.
They will tackle activism/hostile situations, constituency expectations in environmental/corporate social responsibility areas, executive compensation; talent review and succession planning.
Tom Ryan, CEO of ICR, said establishment of the governance practice shows the firm is committed to providing clients access “to the very best expertise to navigate this new territory and continue to protect and maximize equity valuation.”
ICR ranks No. 5 on O’Dwyer’s rankings of independent firms with 2017 fees of $63.4M.