proxyseason
Global companies publicly subjected to activist demands hits highest Q1 level since 2018, according to new data from Insightia. NEW YORK, APRIL 17, 2023 | Insightia, a Diligent brand, has released its latest statistical analysis of shareholder activism worldwide in its latest quarterly report, . Driven by spiking activity in the U.S., South Korea, Japan, and Canada, the number of companies worldwide is on pace to surpass last year’s total of 973. The number of companies publicly subjected to activist demands was up 6% year-on-year in Q1. The 2023 Proxy SeasonOther key findings in the report in...
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U.S. activists have had a tough proxy season but those elsewhere are starting to get their mojo back. Q1 2021 hedge fund letters, conferences and more Activism Is BackWhile activism is certainly back, with almost a dozen proxy contests for board seats held in the U.S. alone this year as of June 16, activists have only been successful in 61% of resolved board representation demands at American companies thus far. On average, that rate has been about 73% over the last seven proxy seasons, dipping below two-thirds just once, in 2017. The total number of board representation campaigns is also well...
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The issues raised in an investigation into Toshiba’s 2020 annual meeting should frighten activists betting on big profits in Japan. Q1 2021 hedge fund letters, conferences and more An Investigation Into ToshibaYesterday’s report, prepared by a trio of lawyers appointed by shareholders, said Toshiba had worked with the Ministry of Economy, Trade, and Industry (METI) and prime minister’s office to block one activist’s proposals and influence the voting of two other shareholders, and that its audit committee had failed to act as a check on management. The company, which complied with the investig...
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America’s corporate proxy season is officially underway, and for another consecutive year activists are calling the shots. So far in 2021 a record number of social and environmental-focused proposal are on the ballot—continuing a shift in this annual forum from the concerns of normal investors to a small but vocal minority. Q1 2021 hedge fund letters, conferences and more Putting Proposals On The Corporate BallotFederal securities laws provide shareholders with an opportunity to put proposals on the corporate ballot, that then go up for a vote at the company’s annual meeting. This process is f...
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One of the biggest gatherings of the activism community took place at the beginning of the 2020/21 proxy season this year and even virtually, this year’s enthusiasm was palpable.Q2 2020 hedge fund letters, conferences and moreAlthough the specter of COVID-19 hung over the logistical and philosophical future of the industry, speaker after speaker told the Active-Passive Investor Summit that the stage was set for a busy spell of activism."I think people are ready for those 130-page decks now," said Dan Zacchei, the president of special situations at Sloane & Co. "The kumbaya season is over," agr...
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