August 21, 2017
Torys partner and M&A, securities law and corporate governance lawyer Sharon Geraghty has authored a piece in the Globe and Mail’s Report on Business over the weekend.
An extension from her article in the latest Torys Quarterly titled Pursuit of Influence: How Today's Activism Will Change Your Boardroom Dynamic, Sharon’s piece speaks on the how boards need to deal with the ever increasing involvement of company shareholders.
The article begins: “Today’s shareholders want an increasingly active role in governance, even if they don’t have a literal seat at the table. And as investors get closer to the boardroom than ever before, directors have to take notice and change their practices to respond.”
Sharon continues: “Every board should have a process in place to allow it to engage with shareholders, and that process should be disclosed in the information circular. In some cases, engagement should be proactive instead of waiting for shareholders to become unhappy.”
You can read Sharon’s full piece on Globe and Mail’s Report on Business section on its website.