April 28, 2026
Kingsdale Advisors, ranked Canada's #1 proxy solicitor for company-side engagements by Bloomberg and LSEG (FY 2025), has released its "Early Insights: 2026 Proxy Season (Canada)" report highlighting a fundamental shift in the proxy landscape, where rising shareholder activism is increasing pressure on boards to demonstrate effective governance and engagement.
Wes Hall, Founder and CEO, Kingsdale Advisors, said, "Retail participation is shaping governance outcomes, and boards are being judged on whether their engagement and meeting practices reflect how shareholders actually participate. Boards that have not adapted remain at risk as activism rises. Reactive governance has no place in today's world. Boards need to adopt an activist mindset and identify their own vulnerabilities before others do it for them. The question is no longer whether your board will face pressure. It is whether you are ready for it."
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* Source: Bloomberg Global Shareholder Activism League Tables FY2025 and LSEG Global Shareholder Activism Review FY2025.
#2025 and 2026 indicate proxy seasons: July 2024 to June 2026.