
As institutional investors increasingly seek greater transparency and robust commitments to diversity at both the board and executive levels, Canadian companies may fall behind in attracting global capital.
“Oftentimes, I will get questions from senior executives or directors with respect to ‘How do I report this? Which categories do I use?' and my answer is ‘Well, that depends,' " Kelly Gorman, EVP of Governance Advisory at Kingsdale Advisors, shared at a roundtable hosted by the Ontario Securities Commission and was quoted in The Globe and Mail. "For securities regulators, it's time to step in and create a definition that at least is the floor and is comparable disclosure for all investors. Institutional investors today are using this information to make decisions that will have significant consequences to individual directors and have the ability to change the whole composition of governance for that company."
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Latest Insights
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.
2022 Proxy Season Snapshot
An early look at the key trends and major issues affecting shareholder activism and corporate governance in 2022.

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.
