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  "documentTitle": "Blackwells Capital | Activist Presentation Deck | 115 slides",
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  "notes": "Uses callouts to link specific policy text to the overarching accusation of governance failure.",
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      "text": "“We do what’s right and take responsibility for our actions to protect...our shareholders.”",
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      "text": "“[T]he following are examples of conflicts of interest: ...(iv) accepting...a gift from persons or entities that deal with the Company... in cases where the gift is being made in order to influence Directors’ actions...”",
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      "text": "“Directors must avoid conflicts of interest... A conflict of interest may also arise when a Director...receives improper personal benefits as a result of his or her position in the Company...”",
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      "text": "“We recognize that our continued success depends upon a commitment to conduct business with honesty, integrity and in compliance with the law...”",
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      "kind": "paragraph",
      "text": "ERISA §406(b)– Fiduciary self dealing ERISA §406(b) focuses on benefits the fiduciaries themselves receive. It prohibits fiduciaries from three basic types of conduct...",
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      "text": "CONFLICT OF INTEREST FAQS (PART I- EXEMPTIONS) U.S. Department of Labor Employee Benefits Security Administration October 27, 2016...",
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      "text": "Source: Disney Standards of Business Conduct; Disney Code Of Business Conduct And Ethics For Directors; DOL; NAPA",
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      "text": "The Information Sharing Agreement demonstrates poor shareholder responsiveness, and clear governance failures",
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      "kind": "title",
      "text": "DID THE BOARD VIOLATE DISNEY’S CODE OF BUSINESS CONDUCT AND ETHICS, STANDARDS OF BUSINESS CONDUCT, AND THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)?",
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