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Proxy Season Looks Busy As Activists Pick Up Steam

Source: Law360.com
Related Areas: Corporate Governance

February 24, 2010


With a still-struggling economy and legal and regulatory changes making it easier to launch a shareholder crusade, experts expect the number of proxy battles to increase in a big way as activist shareholders pick up the pace and change their priorities. So what's driving the push? Attorneys on both sides of shareholder activism say the largest catalyst is the economy. The recession is still hurting companies' bottom lines, and that is making investors angry. Neal Gerber Eisenberg Corporate Governance Practice Group partner and chair Claudia Allen is quoted extensively in a February 24, 2010 Law360.com article.

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