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Insights

Geopolitical Risk Is No Longer a Black Swan Event, It's a Boardroom Priority

Most boards can quantify their exposure to interest rates, but few can quantify their exposure to geopolitics, and investors are starting to notice the gap. Find out how to prepare your board for a world where geopolitical risk has become a governance priority.

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Back to Basics vs. Emerging Risks: The Two Questions Defining Canada's Boardrooms

For years, directors have navigated what many have described as the "Canadian director's dilemma," balancing the interests of shareholders alongside an expanding set of stakeholders. Canada's prosperity over the next decade may ultimately be shaped by two defining questions.

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Aaron Boles on The Corporate Governance Podcast

Kingsdale President, Aaron Boles, joins The Corporate Governance Institute's Dan Byrne to discuss 2026 proxy season trends in Canada. Listen in for what boards should take away from this year's proxy season, from activism to ESG to AI.

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Insights
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News

Kingsdale Advisors Supports $7.1 Billion in Successful M&A Transactions in Q1 2025

TORONTO, March 25, 2025 – Kingsdale Advisors, North America’s trusted strategic shareholder and governance advisory firm for 22 years, has advised on three successful mergers & acquisitions (M&A) that closed in Q1 2025. The cumulative value of these transactions exceeds CA$7.1 billion. The firm’s expertise in navigating shareholder engagement, corporate governance frameworks, and complex transaction structures proved instrumental in securing shareholder approval and subsequent closings for the firm’s clients.

“These M&A transactions are a testament to Kingsdale’s reputation as the go-to strategic advisor for the most complex and high-stakes deals,” said Wes Hall, Founder and CEO of Kingsdale Advisors. “Our ability to provide consistent strategic, hands-on support at every stage of a transaction – whether engaging shareholders, crafting the right narrative, or navigating corporate governance hurdles – continues to set us apart.”

Each transaction presented unique challenges. Two were cross-border deals spanning Canada and the United States. One transaction required approvals from multiple stakeholder groups, including Common Shareholders, Preferred Shareholders, and Limited Recourse Capital Note Holders. Another saw Kingsdale drive a 30% increase in shareholder participation to counter a “Vote No” campaign led by the target company’s largest shareholder.

The three transactions are:

  • BANKING: Canadian Western Bank acquisition by National Bank of Canada
  • METALS & MINING: Gatos Silver, Inc. merger with First Majestic Silver Corp.
  • FINTECH: Payfare Inc. acquisition by Fiserv, Inc.

One of the transactions saw Kingsdale’s strategic advisory services retained by both the target and acquirer – an endorsement of the firm’s ability to support both sides of transaction approval while maintaining alignment between clients.

Across all three transactions, Kingsdale worked closely with financial and legal advisors, providing clients with deep insights into shareholder sentiment, risk mitigation strategies, and tailored engagement to drive shareholder approval.

Kingsdale’s unparalleled track record of delivering successful outcomes reinforces its position as the trusted leader in shareholder and governance advisory. With a proactive approach, Kingsdale ensures clients are not only ready to successfully engage shareholders but navigate and succeed in times of market uncertainty.

About Kingsdale Advisors

With offices in Toronto, Calgary and New York, Kingsdale Advisors is the leading advisor to public companies on all shareholder, governance, and transaction-related matters, having acted on the largest and highest profile proxy fights, transactions, and other special situations. For 22 years, public companies across North America have looked to the expertise of Kingsdale Advisors to secure the success of transactions or resolutions driven by shareholder votes. Trusted by business leaders for over two decades, Kingsdale Advisors boasts a multidisciplinary team offering an array of specialized services focused on strategic and defensive advisory, governance advisory, compensation advisory, strategic communications, and voting analytics.

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Latest Insights

Publication

Kingsdale Advisors Releases CSA Comment Letter: Mandatory Disclosure Regarding Progress for Underrepresented Groups is a Must

Kingsdale Advisors releases its detailed response to the Canadian Securities Administrators’(CSA) Proposed Amendments to Form 58-101F1 Corporate Governance Disclosure of National Instrument 58-101 Disclosure of Corporate Governance Practices and Proposed Changes to National Policy 58-201 Corporate Governance Guidelines.

2023
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Publication

ISS 2023 Annual Global Benchmark Policy Survey

ISS is seeking feedback from market participants on corporate governance issues and trends, with responses informing their main benchmark policy for 2024.

2023
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Publication

Key Governance Trends in Early to Mid 2023

The report outlines five key governance trends Kingsdale Advisors observed in early to mid 2023 and highlights important findings related to auditor ratification, Say-on-Pay resolutions, shareholder proposals and the evolving investor voting policy.

2023
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When The Stakes Are Highest, Business Leaders Choose Kingsdale

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When The Stakes Are Highest, Business Leaders Choose Kingsdale