Kingsdale Advisors Releases the Definitive 2023 Proxy Season Review, Signaling a Pivotal Shift in Activism
Activism is now being driven by previously friendly, long-term faces, and activists are increasingly agnostic to sector and market cap.
- Activism is now being driven by previously friendly, long-term faces, and activists are increasingly agnostic to sector and market cap.
- The 2023 proxy season turned out to be a banner year for activism with a record-breaking 69 proxy contests in Canada – a staggering 97% increase from the previous year.
- A record number of proxy fights spanning all industries and market caps should be a wake-up call to boards and management.
- Previously boards have staked their vote success on support from the two advisors but now broader evaluation lens is required.