Diligent and Olshan Reveal Latest Shareholder Activism Trends in The Proxy Season Review 2024
Diligent Market Intelligence issued The Proxy Season Review 2024 in collaboration with Olshan’s Shareholder Activism Practice. The review features a foreword from Andrew Freedman, Chair of Olshan’s Shareholder Activism practice, in which Andy writes, “Shareholder activism in the U.S. continued to ride the strong momentum it gained during the final few months of 2023.” The review also includes an in-depth interview with Vice Chair of the firm’s Shareholder Activism Practice Ryan Nebel for the Q&A feature. Ryan emphasizes the effect that the universal proxy card has had on campaigns in 2024 now that activists and companies are more familiar with the regime: “Contributing to the wave of early settlements this year was the success activists enjoyed in 2023 during the first full season of the UPC regime. The targeted approach taken by activists in 2023 resulted in a significant percentage of seats won relative to the total sought. With this in mind, many companies elected to quickly settle in 2024 when faced with an activist targeting one or two of the most vulnerable incumbents.” To read The Proxy Season Review 2024, please click here.
The Proxy Season Review 2024
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