Ryan Nebel Featured Speaker on Insightia Podcast Discussing The Shareholder Activism Annual Review 2023

Vice Chair of Olshan’s Shareholder Activism Practice Ryan Nebel discussed The Shareholder Activism Annual Review 2023 as a featured speaker on the February 16 episode of Insightia’s “Beyond the Boardroom” podcast entitled “How Is 2023 Shaping Up?” Ryan explored the first universal proxy fights and what effect the new regime will have on activism going forward. Ryan emphasized that establishing a case for change is still a prerequisite for a successful campaign in the universal proxy era, even if an activist puts forth stellar candidates. On the aggressive defense tactics that certain companies employed in 2022, like burdensome advance notice bylaw amendments, Ryan suggests that directors should proceed with caution before adopting these changes because it ultimately amounts to an attempt to disenfranchise shareholders. Looking back at 2022, Ryan mentions the increase in ESG-focused campaigns and activists launching control fights prior to the effectiveness of the universal proxy rules. Listen to the entire episode on iTunes and Spotify.