In a move that signals growing responsiveness to shareholder activism, Match Group Inc. $MTCH, a leading player in the online dating industry, has announced significant governance changes following pressure from Anson Funds. The $7.6 billion company will introduce a new board director with deep expertise in consumer technology and will transition to annual elections for all board members—two key concessions aimed at diffusing investor dissatisfaction.

The hedge fund Anson Funds has stirred the waters for Match Group, calling into question the efficiency of its board of directors in managing the company. This critical evaluation of the online dating giant has sparked discussions among shareholders and put the spotlight on potential changes in the company’s governance structure.