Jon Feldman quoted in "Roundtable: Shareholder Activism and Engagement", Financier Worldwide Magazine
|Area||Shareholder Rights and Activism|
Excerpt from "Roundtable: Shareholder Activism and Engagement", Financier Worldwide Magazine:
FW: What do you consider to be the most significant developments in the shareholder activism space over the past 12 months or so?
Feldman: In Canada, the successfully run proxy contest by Paulson & Co Inc. at Detour Gold Corporation has emboldened activists to look for wholesale change at companies, compared to the recent past where the view had been that it is virtually impossible for activists to replace more than one or two directors. We are seeing a lot of this type of activity. On the company side, boards are cognisant of this fact and as a result are being more proactive in communicating with their shareholders, studying their vulnerabilities and preparing themselves for an onslaught.
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