Companies Brace for Onslaught of New Activists After Change in Proxy-Voting Rules
Partner Shaun Mathew was quoted in this article from The Wall Street Journal regarding recent revisions to the Securities and Exchange Commission's (SEC) corporate ballot rules, and how the adoption of a "universal proxy card" under these news rules will impact the upcoming proxy-voting season.
"'This proxy season is shaping up to be the busiest on record,' said Shaun Mathew, a partner at law firm Kirkland & Ellis LLP who advises companies on how to prepare for and respond to activists. 'Companies are concerned it will draw in first-time activists who think they can take advantage of the new system to threaten proxy contests to create leverage to advance their agendas,' he said."
