Banks have seen heightened interest from their shareholders in recent years. Unfortunately for bank boards and chief executives, this interest sometimes manifests itself in a move for their replacement or for the sale of the institution against the board's wishes.
Shareholders can be motivated to act because of performance or regulatory problems, or both. However, more commonly, problems come from a simple failure to communicate. This failure is often rooted in the unfounded belief that shareholders will always concur with the board's wishes.