Manage large shareholders like large states – and don’t take core voters for granted: As the dust settles and the circus leaves town, the unexpected outcome of the US presidential election provides a cautionary tale for corporate directors encountering a shareholder vote.
On November 18, 2016, Glass, Lewis & Co., LLC ("GL") released updates to its benchmark policy guidelines that will be applied for the 2017 proxy season. The link below outlines our insights and provides key updates for our clients covering the Canadian and U.S. markets.
The job description for Canadian directors has changed. The problem is no one told them. The owners of public companies, shareholders, have re-written their expectations when it comes to the level of access they demand from those they elect.
Institutional Shareholder Services (ISS) today announced Pay-for-Performance Methodology Updates for 2017. These changes to the methodology underlying ISS’ pay-for-performance models will take effect Feb. 1, 2017 and include six new financial metrics to supplement TSR. The link below provides our insights and advice on how these potential changes may impact our valued clients.
Kingsdale's annual report details the most noteworthy developments of the 2016 proxy season, anticipated developments in the upcoming proxy season, and recommendations about how best to handle what's to come.
Join us in either Vancouver, Calgary, or Toronto in launching our 2016 Proxy Season Review. At Kingsdale, we take time after each proxy season to reflect on the contests we fought and innovations we saw. We identify trends before they’re trends and develop new solutions our clients need.
Kingsdale’s guide to shareholder engagement is meant to prepare public companies to encounter the changing expectations of shareholders. We want to share our advice on key tactics, skills and approaches needed to successfully engage shareholders.
When Sprott Asset Management went after two rival trusts invested in gold and silver bullion - a sector where any kind of M&A action is rare - it triggered an epic, but ultimately successful, take-over battle.
The Coalition on Ontario Doctors today issued the following statement in response to the announcement that a majority of Ontario Medication Association Members (OMA) voted against the tentative Physician Services Agreement (PSA).
When Wes Hall arrived on Bay Street nearly three decades ago, he was struck by how management placed a low priority on retail investors. “If you’re not happy, sell your stock,” was a typical response to their concerns, he recalls. They could afford to be dismissive; slate- and plurality-based board elections meant that shareholders had to vote on the nominated directors as a group. Withheld votes counted for naught.
When it rains, it pours’ might be the mantra for companies trying to weather a downturn only to find out that they’ve become the target of a shareholder activist. Many experts believe that tough economic times lead to an uptick in activism simply because poor performers are so easy to find.
M&A Advisor, the world’s premier leadership organization of M&A, Turnaround and Financing professionals, today announced Ian Robertson, Kingsdale Shareholder Services’ Executive Vice President, Communication Strategy, as a winner of the Annual M&A Advisor Top 40 Under 40 Emerging Leader Awards.
Last year was one of the busiest of the decade for proxy fights and activist actions. If issuers are supposed to be more aware of the activist threat and more engaged with shareholders the question is: why the uptick?
Shareholder activism in the Canadian mining sector will gather pace this year, driven by investor fatigue after years of share price weakness and concerns about high executive pay levels and slim insider stock holdings, advisors to such situations said.
The Canadian Securities Administrators (CSA) today published the long awaited amendments to the Canadian take-over bid regime. The changes are aimed to strike a better balance of leverage between target boards and hostile bidders.
Get an intimate look at one of Canada’s prominent business figures and a familiar face on BNN - Wes Hall. He and the creator of WES join BNN for a candid look at Hall’s upbringing in Jamaica, the challenges he faced on his path to success, and how he earned the respect of many, like the head of CP Rail Hunter Harrison and Goldcorp Chair Ian Telfer.
Institutional Shareholder Services (“ISS”) and Glass, Lewis & Co., LLC (“Glass Lewis”) have both released their Canadian benchmark guidelines for 2016. While ISS guidelines apply beginning February 1, 2016, Glass Lewis guidelines have been in force since the beginning of 2016 (unless otherwise noted).
In all of the recent discussion about the shortcomings of compensation design in Canada, one fundamental fact has been overlooked: It’s not the model or the metrics that are creating the problem, it’s a disconnect between management and shareholders when it comes to how each values and defines the long term.
Kingsdale has earned its title as the preeminent shareholder services and advisory firm through an unwavering commitment to our clients and by constantly looking for ways to innovate, improve and grow.
In an effort to further raise the bar in our industry and provide superior results for our clients, we’ve made some leadership changes and new additions we’d like to share with you.
