
Kingsdale Advisors' 2025 Proxy Season Review is the most comprehensive look at how shifting regulation, activist pressure, and emerging investor demands are creating a governance environment as unpredictable as it is consequential.
- 67 campaigns tracked with more than 75% of victories via settlement.
- Diversity & climate disclosure face political pushback.
- AI on the agenda with 14 shareholder proposals in 2025.
- ISS and Glass Lewis face mounting scrutiny from lawmakers.
- 2026 could bring disruption with new pay-for-performance models.
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Latest Insights
Financial Post Interviews Kingsdale President on M&A in the Oil Patch
Aaron Boles, President of Kingsdale Advisors, appeared on the Financial Post show 'Fuelled' as an independent voice to discuss the $8.6B MEG-Cenovus deal, highlighting its implications for shareholder dynamics and regulatory scrutiny in Canada’s capital markets.
Kingsdale Advisors 2025 Proxy Season Review
The 2025 proxy season was turbulent, with activist M&A pressure rising, DEI and climate rules rolled back, and AI governance appearing on ballots. Kingsdale's review examines how these shifts are reshaping boardrooms and driving new investor expectations.
Event: The Future of Proxy Advice and Shareholder Engagement
Kingsdale hosted a record number of senior executives as part of an in-person panel discussion with Nichol Garzon-Mitchell, CLO & SVP of Glass Lewis; Jason Koskela, VP, M&A of OSC; and Catherine McCall, CEO of CCGA in Toronto.

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.
