The 2024 proxy season posed significant challenges for Canadian boards, with three critical themes dominating the landscape: CEO succession planning, director refreshment, and executive compensation. Shareholder activism has surged to unprecedented heights, accompanied by an increase in shareholder proposals advocating for in-person meetings.
Latest Insights
ISS 2022 Annual Global Benchmark Policy Survey
Institutional Shareholder Services Inc. (“ISS”) is seeking feedback from market participants on corporate governance issues and trends, with responses informing their main benchmark policy for 2023.
2022 North American Proxy Season Review
This year, Canadian targets were subject to 35 proxy contests – the lowest since 2017, while activists wrestled the win rate back in their favour with 52% and gained increasing support from proxy advisors and institutional investors.
ISS 2023 Benchmark Policy Updates
On December 1, 2022, ISS released updates to its 2023 benchmark proxy voting policies. The updated policies will apply to shareholder meetings taking place on or after February 1, 2023, except for those that are being announced now with a one-year transition period and which will become effective in 2024.
When The Stakes Are Highest, Business Leaders Choose Kingsdale
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* 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.