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Wall Street Journal blogs about Fasken Martineau’s 2015 Proxy Contest Study Update

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By Ben Dummett, Wall Street Journal

A blog written by Ben Dummett of the Wall Street Journal, which appeared on Dow Jones Factiva, quotes Fasken Martineau’s 2015 Update to its ground breaking 2013 Proxy Contest Study.

Blog:

Amid talk of rising shareholder activism in Canada, management and boards showed signs of holding their own in 2014. Of the 12 formal board-related proxy contests last year in which shareholders tried to remove some or all of a company's directors, management won 58% of the time -- "it's first winning record since 2011," according to Canadian law firm Fasken Martineau. That said, the data suggest there's a higher success rate when activists look to replace the whole board instead of just some of them.

The 2015 Update is co-authored by M&A partners Bradley Freelan and Aaron Atkinson. It is the second annual update to the firm’s empirical study of proxy contests in Canada by the M&A Group.  

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