Although activist-investor campaigns against cash-rich companies have been in the news of late, most respondents to a NeuGroup Tech20 Treasurers' Peer Group pre-meeting survey found the risk of being a target remote. Still, the risk is there and treasurers should be prepared to help the company respond. And while low-information activists may just cause trouble, others can provide useful advice on how to help your company. By engaging effectively with an activist investor, companies might be able to turn a potential negative situation into a positive one. Transocean, which recently was forced to add Carl Icahn to its board, will certainly be a company to watch in this regard.