TORONTO, Oct. 6, 2016 /CNW/ - Kingsdale Shareholder Services today released its annual 2016 Proxy Season Review, a report designed to equip public companies, boards, and advisors to face the changing expectations of shareholders, demands of activists, and policies of proxy advisors. The report provides a detailed examination of the key statistics of this past proxy season and details a number of important case studies.
"This was the year management fought back. After a record breaking year of proxy contests in 2015, management has said enough is enough in 2016 and standing up to activists," said Kingsdale CEO and Founder, Wes Hall. "While management has won more of the publicly disclosed proxy fights, we estimate this represents only about one-third of all activist activity in Canada. The fact boards are taking the initiative to engage shareholders and build relationships with them means activists are having a tougher time gaining traction with their arguments. The battleground has moved from the boardroom to the hearts and minds of an issuer's shareholders."
Kingsdale defined the most noteworthy developments of the 2016 proxy season as:
About Kingsdale Shareholder Services:
Since 2003, public companies across North America have looked to the expertise of Kingsdale Shareholder Services to help them reach out to shareholders to secure votes for annual meeting agenda items and transactions. Kingsdale has been engaged by more issuers and in more proxy contests than all other advisors in Canada combined and acted on the majority of M&A transactions each year. As Canada's preeminent shareholder services firm, Kingsdale offers an array of specialized services including: strategic and defensive advisory, proxy solicitation, shareholder identification, information agent, debt services, depositary, governance advisory and proxy analytics, asset reclamation, and corporate communications.
Please visit us at: www.kingsdaleshareholder.com
SOURCE Kingsdale Shareholder Services
Image with caption: "Kingsdale Shareholder Services (CNW Group/Kingsdale Shareholder Services)". Image available at: http://photos.newswire.ca/images/download/20161006_C1814_PHOTO_EN_789198.jpg
PDF available at: http://stream1.newswire.ca/media/2016/10/06/20161006_C1814_PDF_EN_789202.pdf
Ian Robertson, Executive Vice President, Communication Strategy, Direct: 416.867.2333; Cell: 647.621.2646, [email protected]
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