Blakes has a dedicated Shareholder Activism group, comprised of some of the country’s leading experts in securities law, corporate governance and regulation, litigation, and executive compensation.
The scope of our practice includes advising public companies and their boards, special committees and management when assessing risks and devising strategic responses. We also advise shareholders when considering and pursuing strategic options.
Shareholder engagement can take various forms, from private engagement to public criticism, shareholder proposals, requisitioned meetings and proxy contests. Our lawyers specialize in advising on:
Initiating and responding to proxy contests for board control
Board governance, effectiveness, composition and fiduciary duties
Shareholder engagement strategies and policies
Regulation governing proxy contests and shareholder communications
Responses to shareholder proposals and corporate record demands
Special committee composition and engagement
Internal investigations, government investigations and hearings
Soliciting dealer engagements
Campaigns focused on environmental, social and governance (ESG) and other emerging risk management trends and issues
Strategic planning and advance preparation can assist issuers in understanding and defending against shareholder campaigns. When facing a possible proxy contest, our proactive approach involves engaging in an advance review process so our clients can move quickly, decisively and effectively.
We have been at the forefront of emerging trends in shareholder engagement, leveraging strong, longstanding relationships with leading investor relations firms, proxy solicitation firms and media relations specialists. We are also well positioned to assist with investor relation programs as well as media and communication plans.