Olshan Publishes 2024 Mid-Year Shareholder Activism Review in Harvard Law School Forum on Corporate Governance

Olshan recently published an article for the Harvard Law School Forum on Corporate Governance entitled “Shareholder Activism - 2024 Mid-Year Review.” In the article, Shareholder Activism Practice Chair Andrew Freedman discusses the trends emerging from the 2024 proxy season thus far, including an uptick in activist demands at U.S. companies and a decline in European and APAC activism campaigns compared to 2023. The report also examines how the adoption of the universal proxy card rules has altered activist investors’ strategies and fostered faster settlements between activists and companies. The review provides an overview of the year’s most significant campaigns, including Trian Fund Management’s proxy fight at The Walt Disney Company and Browning West’s campaign at Gildan Activewear. Finally, Olshan discusses in the report how recent Delaware Chancery Court decisions have impacted the settlement process between investors and companies.