The 2018
Proxy Season

Key Takeaways in 2018

The recently concluded 2018 proxy season (the 12-month period ending June 30 that encompasses most public companies’ annual shareholder meetings) was a year for large shareholder activists to return to the fore, proving that brief declines in assets under management do not undermine the strategy and volatile periods serve only to harden the focus of activist funds and further expand their horizons. With direct activist AUM at $127.5 billion1 as of June 30 and a strategy that institutional investors continue to embrace, shareholder activism is expected to remain strong and continue to evolve as it weaves itself into the fabric of global capital markets.

Campaign volume slightly down, but assets deployed up

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M&A continues to drive activist agendas

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Environmental, social & governance (ESG) issues increasingly important

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Notable emerging trends

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Implications for companies

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Related Insights

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