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Activist Investing in Canadian Companies


Area Corporate Finance and Securities, Shareholder Rights and Activism


Canada - like other jurisdictions - has continued to see a significant amount of shareholder activism. This is partly due to a growing recognition on the part of activist investors - particularly those outside of Canada - that Canada is a more “activist friendly” jurisdiction than some others, including the United States. Various Canadian corporate and securities laws enable shareholders to effect corporate change with relative ease through shareholder proposals, the requisitioning of shareholder meetings, proxy contests and in some cases through the courts. This summary describes some of the key legal considerations relevant to shareholder activism in Canada.

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