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Goodmans Publications

Dissident Proxy Circulars - Challenging the Status Quo

April-22-2010

Area Corporate Finance and Securities, Mergers and Acquisitions, Private Equity, Shareholder Rights and Activism

Summary

In 2008 and 2009, amid a credit crisis and global economic downturn, dissatisfied shareholders proved proxy contests to be a viable method for effecting change.

In Canada, activist shareholders have a wide range of options for challenging the status quo. Various corporate statutes and applicable securities laws enable shareholders to do so through shareholder proposals, requisitioned shareholder meetings and proxy contests.
 

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