Dissident Proxy Circulars - Challenging the Status Quo
|Area||Corporate Finance and Securities, Mergers and Acquisitions, Private Equity, Shareholder Rights and Activism|
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.