June 03, 2011
Shareholder activism has increased in recent years, and in response, boards are evolving their strategies, including planning around proxy fights. Partner Pat Koval comments on the nuances of proxy battles in this dynamic environment in a Canadian Lawyer article. Below is an excerpt of the article.
Indeed, the shifting legal landscape reflects the shifting economic landscape. “The whole concept of shareholder activism leading to proxy battles is now an established feature,” says Pat Koval, a partner with Torys LLP in Toronto. “For companies, if they dismissed the idea of proxy battles in the past, they shouldn’t now. Activism is here to stay.”
To read the full article, click here.