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ARTICLE · 21 NOVEMBER 2024

Proxy Season: Hot Topics

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On November 13, 2024, at the Practicing Law Institute's 56th Annual Institute on Securities Regulation, panelists shared key updates from this year's proxy season and highlighted emerging trends to watch in 2025.

United StatesCorporate/Commercial Law

On November 13, 2024, at the Practicing Law Institute's 56th Annual Institute on Securities Regulation, panelists shared key updates from this year's proxy season and highlighted emerging trends to watch in 2025. Public companies experienced favorable voting outcomes across compensation, activism, shareholder proposals, and director elections in 2024.

Activism and the Impact of the Universal Proxy Card

There was an increase in board-related campaigns, a trend anticipated in the second year of the Universal Proxy Card (UPC). While the UPC has lowered barriers for proxy contests, it appears to favor settlements. Nevertheless, the bar remains high for both activists and companies: activists must make compelling cases for change, while companies must demonstrate that their board composition and strategic plans align with investor expectations.

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