Kingsdale Advisors' 2025 Proxy Season Review is the most comprehensive look at how shifting regulation, activist pressure, and emerging investor demands are creating a governance environment as unpredictable as it is consequential.
- 67 campaigns tracked with more than 75% of victories via settlement.
- Diversity & climate disclosure face political pushback.
- AI on the agenda with 14 shareholder proposals in 2025.
- ISS and Glass Lewis face mounting scrutiny from lawmakers.
- 2026 could bring disruption with new pay-for-performance models.
Latest Insights
Victor Li in Conversation with The Deal by S&P Global
Victor Li spoke with The Deal by S&P Global about key takeaways from Kingsdale's 2026 Proxy Season Review. Activist campaigns fell this year, but more went to a vote than at any point in five years, and the boards that won were the ones that engaged shareholders early.
Download Kingsdale Advisors 2026 Proxy Season Review
The 2026 proxy season proved that preparation matters more than ever. Canadian contests reaching a vote hit a five-year high, campaign volume declined, but the fights that remained went further and hit harder, and boards with real shareholder relationships came out on top.
Event Recap: Inside Kingsdale's 2026 Proxy Season Review Launch
Kingsdale launched its 2026 Proxy Season Review with a panel on "Shareholder Engagement in a New Era" at our Toronto office. Leaders from the OSC, CCGG, Glass Lewis and Kingsdale discussed fragmenting voting models, evolving proxy advisor policies and AI's growing role in issuer-investor engagement.
When The Stakes Are Highest, Business Leaders Choose Kingsdale
Subscribe to Our Newsletter
* Source: Bloomberg Global Shareholder Activism League Tables FY2025 and LSEG Global Shareholder Activism Review FY2025.
#2025 and 2026 indicate proxy seasons: July 2024 to June 2026.