In complex M&A, transaction certainty extends beyond common shareholder approval. Multiple security classes and class‑specific thresholds can ultimately determine whether a deal closes
That reality defined National Bank of Canada’s C$5 billion acquisition of Canadian Western Bank, which required approvals across common shares, preferred shares, and LRCNs as part of a Tier 1 Capital Reorganization. Kingsdale Advisors delivered strategic oversight and real‑time voting intelligence, securing common shareholder approval, approval across preferred share classes, and mitigating closing risk through disciplined, class‑specific execution.
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Modernizing Take-Over Bid Rules Without Losing Market Flexibility
The Canadian Securities Administrators closed a 90-day consultation period earlier this month on proposed amendments to Canada’s issuer bid, take-over bid and beneficial ownership reporting regimes. Investors need decision-useful information, while market participants need the flexibility to engage, adapt and execute effectively.
Upcoming Event | Governance on the Move: Shareholder Engagement in a New Era
On September 23, 2026, Kingsdale Advisors is hosting an in-person event in Toronto, where senior leaders from the Ontario Securities Commission, Glass Lewis, and Canadian Coalition for Good Governance will share latest industry insights. Register your interest to attend.
Kingsdale's Victor Li Talks Insider-Led Activism with Diligent
Our EVP of Governance Advisory, Shengjun (Victor) Li, CFA, ESG, HRCCC Li, spoke with Diligent's Simon Roughneen about the rise in activist campaigns, along with insights from the 2026 proxy season.
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.