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  "documentTitle": "C&C Group plc (CCR)",
  "authorId": "27_Engine_Capital",
  "authorName": "Arnaud Ajdler",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-07-30 00:00:00",
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  "notes": "The slide uses a 'skin in the game' argument to critique the current board's alignment with shareholders.",
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      "kind": "callout",
      "text": "THE STATUS QUO CANNOT PERSIST IN THE BOARDROOM – SHAREHOLDER-DRIVEN CHANGE IS NEEDED NOW",
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      "text": "The Company's shares have underperformed peers... The Company's shares are trading at a steep discount... The Company is not compliant with the UK Corporate Governance Code... Most of the directors own no shares... We believe the Board in the aggregate has insufficient financial skillsets... The Company's underlying business segments are not achieving their potential... With the recent appointment of Ralph Findlay, C&C has now had four CEOs in less than four years...",
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      "text": "ownership percentage: 0.05%",
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      "kind": "paragraph",
      "text": "We believe the current directors lack a sense of urgency to resolve the Company's issues and maximize value for shareholders, which is not surprising since they own a de minimis number of shares, as the following table highlights.",
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      "text": "2 Data per 2024 annual report and RNS filings.",
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      "text": "Director, Appointment Date, Ownership (shares), Ownership as % of outstanding shares, Open market acquisitions?",
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      "text": "C&C Group Board Ownership",
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