Shareholder activism is already up 28% in Canada’s 2026 proxy season, with growing retail participation influence beginning to shape governance outcomes and record meeting requisitions placing early pressure on boards. Our Early Insights report breaks down where activism is concentrating, how governance risk is evolving, and what boards need to prepare for now.
- 50 shareholder activism campaigns launched to date, with micro-cap issuers representing 52% of activity
- Retail shareholders entering the governance equation, including proposals tied to participation and AGM transparency
- Boards as the primary battleground, with 54% of campaigns board related
Latest Insights
Calgary 2026 Event Highlights
On October 21, 2026, Kingsdale Advisors hosted an exclusive evening in Calgary, where Aaron Boles, Neil Tolentino, Raman Bhan and Joshua Antonucci led a focused discussion on governance, shareholder engagement and activist defense ahead of the 2027 AGM season.
Vancouver 2026 Event Highlights
On October 20, 2026, Kingsdale Advisors hosted an exclusive evening in Vancouver, where Aaron Boles, Neil Tolentino, Raman Bhan and Joshua Antonucci led a focused discussion on governance, shareholder engagement and activist defense ahead of the 2027 AGM season.
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.
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.