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Shareholder activism not going away

Thursday, February 16, 2017 @ 7:00 PM | By Fred Pletcher

Compared to the record-setting year of 2015, shareholder activism in Canada in 2016 returned to lower historic levels. Interestingly, Canadian issuers prevailed in the majority of proxy contests against shareholder activists last year. This contrasts with a higher success rate for activists in the United States, and in previous years in Canada. Overall, these results suggest that corporate Canada has become more prepared in responding to activists, particularly through the adoption of advance notice bylaws and policies.

So, should Canadian boards and their counsel rest easy...