Corporate Decision Making Organs and Meetings Influential US corporate lawyer Martin Lipton has criticised shareholder activism and called for recognition that'the proper goal of good governance is creating sustainable value for the benefit of all stakeholders, rather than reflexively placing more power in the hands of activist hedge funds or often-transient institutional shareholders who are themselves measured by short-term, quarterly portfolio performance'. Do you agree? How would you assess the balance of decision-making authority between the boards of Australia's large public companies against vocal activist investors?