Shareholder activism and the 2024 proxy season

June 2024

As it enters its third generation, the level of shareholder activism remains high, with a third of all campaigns now led by first-time activists who are deploying new approaches to scrutinizing governance, performance, and strategy. Boards face the need to stay informed about activists’ objectives and the triggers for their involvement, and to be prepared to respond to potential activist interventions.

On May 14, 2024, members of the Compensation and Talent Governance Network (CTGN) met virtually to discuss shareholder activism, including current trends in the activist landscape and the role of compensation in activist campaigns, board preparedness, and strategies for addressing activist interventions. Members shared experiences and outcomes from recent cases.

Members were joined by Rich Thomas, Managing Director in Lazard’s capital markets advisory group, and Virginia Rhodes, partner, and Ed Hauder, principal and head of research and content, at Meridian Compensation Partners.