How does an Activist Investor Group work?

Hi all,

I've seen discussions bubbling up about starting an activist investor group, for the apparent purpose of creating a sort of legal entity of some kind that would enable GME investors to more effectively make proposals to our company and that the company would be required to address the proposals to some degree.

I like the idea but frankly I have no idea how such a group would function.

Some simple internet searches don't immediately provide clear answers, this doesn't seem to be a super common idea. Just looking to ask some questions and try to get some information to flesh this idea out a little bit.

• What would be required to start such a group?
• How does an activist investor group govern itself?
• What would a governance structure look like?
• How does somebody become a member?
• How do members get their interests represented in the group?
• Would there be voting mechanisms?
• Are lawyers required?
• What other costs would be involved?
• I presume the group would be based in USA. Which country or jurisdiction would this group reside in and what implications would this have for other international members?

I don’t expect anyone to necessarily know the answers to all these questions, this is just what initially comes to my mind. I like the idea, it sounds promising. But a certain amount of education will be required. I will try and do some research of my own but hoping others might know more than me and can maybe enlighten me a little bit a bout this.