1. Can you rationalize the activist role that PE funds and hedge funds adopt to influence management in setting company policy, e.g. R&D policy, M&A policy, etc.?

2. Can you rationalize the activist role socially conscious ESG funds that promise to invest only in companies that actively try to be socially conscious? For example such funds may invest only in companies that have pledged to reduce their carbon footprints in an attempt to address climate change.

Present arguments for and against the hedge fund view and the view of the ESG funds.