Universal Proxy and Trends in Shareholder Activism: Corporations Must Still Beware and Take Care

Shareholder activism remains a prevalent phenomenon in the U.S. markets with no signs of abating. The contours of shareholder activism have been impacted by several developments, including the advent of the universal proxy card system. Companies must be well prepared in advance for shareholder activism generally, and they should specifically prepare to strategically manage and leverage the universal proxy card in the event of a proxy contest.