Jonathan Feldman Quoted in "Canada Supercharges ‘Vote No’ Campaigns", The Deal
Jonathan Feldman shares his insights in a recent article in The Deal, entitled "Canada Supercharges ‘Vote No’ Campaigns".
Amendments to the Canadian Business Corporation Act, or CBCA, last year, however, could produce more so-called vote-no campaigns against board members at companies in the Great White North for the first time, as the 2023 proxy season begins.
"Directors at federally incorporated companies are now more vulnerable and could face a vote no campaign in an uncontested election," Toronto-based Goodmans LLP partner Jonathan Feldman told The Deal. "It will be cheaper for activists to target specific directors for removal with minimal cost and effort. They can’t replace the directors with this mechanism, but they have a strong chance of having targeted directors resign.”
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Shareholder Activism
Canadian Securities Administrators Seek Public Comment on Activist Short Selling
The Canadian Securities Administrators (CSA) recently issued a consultation paper (the “Consultation Paper”) seeking feedback on a broad range of issues related to “activist short selling”. Activist… -
Dispute Resolution
Advance Notice By-Laws – A Canadian Shield
In BlackRock Credit Allocation Income Trust v. Saba Capital Master Fund, Ltd., the Delaware Supreme Court recently provided guidance on the validity of supplemental disclosure obligations imposed on… -
Capital Markets
Glass Lewis Releases 2020 Canadian Proxy Voting Guidelines
Proxy advisor Glass, Lewis & Co. recently released its 2020 Canadian Guidelines to Proxy Advice. These policy guidelines generally apply to shareholder meetings beginning in 2020, and the… -
Capital Markets
The Legal Status of Board Observers in Canada
As part of an equity investment or financing transaction, investors often seek the right to appoint a board observer in addition to or in place of receiving an actual seat on a company’s board. These… -
Shareholder Activism
1 Question, 10 Lawyers, The Activist Report
Jonathan Feldman was featured in the article "1 Question, 10 Lawyers", published in 13D Monitor’s Activist Report, August 2019.Excerpt:While Canada has always been and continues to be one of the… -
Shareholder Activism
Companies In Canada Must Prepare For Shareholder Activism, Law360
Jonathan Feldman, Michael Partridge and Alexandra Murray co-authored the article "Companies In Canada Must Prepare For Shareholder Activism", originally published in Law360.Excerpt:"In 2018, Canada…
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Shareholder Activism
Medical Facilities Corporation Announces Change in Corporate Strategy and Board
Goodmans LLP represented Medical Facilities Corporation (MFC) in connection with its change in corporate strategy after engagement with shareholders, including Converium Capital Inc… -
Shareholder Activism
Greywood, LLC Leads Shareholder Activism Against Enthusiast Gaming Holdings Inc.
Goodmans LLP is representing Greywood LLC in connection with its acquisition of beneficial ownership of 5% or more of a class of equity securities of Enthusiast Gaming Holdings Inc. (“Enthusiast… -
Shareholder Activism
IAMGold Corporation Names New Board Members
Goodmans acted for the directors of IAMGold Corporation (or the “Company”) in connection with its proxy defence against Resource Capital Fund… -
Shareholder Activism
HEXO Corp.’s Successful Proxy Defense
Goodmans acted for the Board of HEXO Corp. (or the “Company) in connection with its successful proxy defence against a group of dissident shareholders led by Adam Arviv… -
Shareholder Activism
CN Railway Replaces CEO and Names Four New Board Members
Goodmans LLP acted for Elliott Capital Management in connection with the settlement of the proxy contest started by TCI Fund Management to replace directors of Canadian National Railway Company (“CN… -
Shareholder Activism
Newmont Mining's Successful Defense Against Shareholders Opposing the Acquisition of Goldcorp.
Goodmans LLP represented Newmont Mining in connection with its defense against shareholders opposing the proposed and then completed acquisition of Goldcorp…
News & Events
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Shareholder Activism
Jonathan Feldman Quoted in "Canada Supercharges ‘Vote No’ Campaigns", The Deal
Jonathan Feldman shares his insights in a recent article in The Deal, entitled "Canada Supercharges ‘Vote No’ Campaigns".Canadian corporate directors rarely receive votes of opposition from a majority… -
Shareholder Activism
Jon Feldman at 13D Monitor's 2021 Active-Passive Investor Summit
Jonathan Feldman will be a panellist in the session "Best and Worst Campaigns and Practices" at 13D Monitor's 2021 Active-Passive Investor Summit.Please click here for more information… -
Shareholder Activism
Jon Feldman interviewed in "Shareholder Activism in Canada 2021", Activist Insight
Jonathan Feldman discusses how COVID-19 has impacted shareholder activism in a recent interview with Activist Insight: How has COVID-19 impacted shareholder activism? Is there any sign of a…