ZenLens: 20 Oct-5 Nov2025

Governance Updates: 20 Oct–5 November

The first week of November showcased how activism, stewardship, and leadership transitions are shaping the new rhythm of corporate governance across industries.

In the mining and chemicals sectors, an activist investor launched dual campaigns targeting complex structures and valuation gaps, urging major global companies to unify listings, spin off key divisions, and monetise stakes in subsidiaries. The message was clear — simplification and structural reform are now central to unlocking trapped value.

Elsewhere, in the automotive and industrial space, another investor called for a strategic divestiture of European operations, arguing that proceeds should be redirected toward debt reduction and share buybacks. The move reflects growing investor impatience with underperforming regional portfolios and reinforces the trend of boards being pushed toward sharper portfolio discipline.

Governance debates also intensified in the technology and mobility sectors, where one of the world’s largest sovereign wealth investors announced it would vote against a record-breaking executive pay package. The decision, supported by major proxy advisers, highlights a growing pushback against concentrated power and excessive incentive schemes.

Meanwhile, in the boardroom, leadership turnover gathered pace across Europe as multiple companies announced CEO departures within days of one another. Boards appear to be seizing the moment to reset, accelerate transformation plans, and realign leadership with evolving investor expectations.

Finally, the stewardship landscape continued to shift as a leading proxy advisory firm confirmed plans to retire its in-house voting guidelines by 2027, giving institutional investors greater autonomy — and responsibility — in shaping governance standards.

The takeaway is unmistakable: shareholders are driving the agenda, boards are reacting faster, and governance is becoming more active, agile, and accountable. The next chapter of reform won’t be about policy — it will be about performance.

👉 Request the ZenLens November edition for full insights and analysis.