"How activist hedge funds ‘on steroids’ have become a boardroom enemy" by Theresa Tedesco, Financial Post
"In fact, proxy contests are on the rise in Canada — 117 were launched from 2008 to 2013 — according to a report by law firm Fasken Martineau. And the majority of the campaigns were launched to change the composition of the boardroom. Last year, dissidents were successful in 66% of the cases, compared to 54% in the previous five years. “It’s not principally the number of proxy contests that should be keeping management up at night, but how well dissidents are doing,” the Fasken study concluded."
