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  "docSlug": "798b531685a0",
  "documentTitle": "GCP Applied Technologies (GCP)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
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  "presentationDate": "2020-04-30 00:00:00",
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  "notes": "The slide uses a hub-and-spoke style diagram to highlight conflicts of interest and power concentration.",
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      "kind": "callout",
      "text": "These three directors hold ALL leadership positions on the Board, including Chairman and chair of all committees.",
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      "kind": "diagram",
      "text": "Relationship map between Gerald Colella, Elizabeth Mora, and Janice Henry across MKS Instruments, Draper Labs, and GCP Applied Technologies.",
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      "text": "We question whether Elizabeth Mora, Janice Henry and Gerald Colella – three directors that have monopolized leadership positions on GCP's Board – are truly capable of acting independently given strong interconnections.",
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      "text": "Source: GCP's and MKSI's public filings, Draper Labs website. (1) Janice Henry has been nominated for election to MKSI's Board of Directors at MKSI's 2020 Annual Meeting.",
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      "kind": "title",
      "text": "There Is a Consolidation of Power on GCP's Board Among Three Directors with Clear Interconnections",
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