Corporate Secretary quotes Toronto lawyer, Aaron Atkinson, in an article on Proxy Contest Study 2017.
“Many of the contests between 2014 and 2016 were led by management or founders who had a dispute with the incumbent board,” Aaron Atkinson, partner at Fasken, tells Corporate Secretary. “Those contests tend to be quite binary and there’s not much room for a settlement, so management tends to fare better. Last year you had more institutional, non-retail or founder-based activists. They were able to stir the pot with some success.”