On January 11, 2019, Citigroup Inc. and ValueAct Capital Partners announced that they have entered into an information sharing and engagement agreement, which would formalize and expand on the constructive dialogue between the Company and ValueAct Capital that began in early 2018. The Company stated that the agreement provides for a deeper level of engagement and collaboration between the Company and ValueAct Capital. The Company also stated that it enables ValueAct Capital to have access to confidential information about the Company and engage with members of the Company’s management team and Board of Directors on areas such as strategy, governance, and operational planning matters. The Company added that the agreement also provides for ValueAct Capital's support for management and the Board through the term of the agreement, which lasts through December of 2019.