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
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.
Kingsdale's Aaron Boles Joins BNN Bloomberg to Unpack the 2026 Proxy Season
Our President, Aaron Boles, joined Lindsay Biscaia on BNN Bloomberg to discuss our 2026 Proxy Season Review and why boards that win are boards that are prepared.
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.