The nomination of new board members by an activist investor like Trian Fund Management often suggests a desire for change in company policy or strategy. However, the impact on Disney's stock price in the short term is likely to be neutral as the process is in its early stages and shareholders have been advised that no immediate action is necessary. The importance is moderate because board composition can influence company strategy, but the outcome of the nominations is not yet determined. The confidence level reflects the uncertainty inherent in the early stages of such corporate governance changes.