Preparing for Proxy Contests: Practical Steps Every Company Should Consider
24 February 2014Mergers & Acquisitions Law Report
The 2013 proxy season demonstrated again the increasingly powerful role of activist investors in the public investment markets, particularly with respect to contested elections for a company’s board of directors, referred to as proxy contests. Proxy contests among the Russell 3000 companies increased from 24 in 2012 to 35 in 2013, and proxy contests among companies in the S&P 500, usually less common, increased from two in 2012 to five in 2013.
Global Head of the Life Sciences Industry Group