Activism Making Front Page


    Shareholder activism in Canada isn’t necessarily on the rise, says Stephen Erlichman, executive director, Canadian Coalition for Good Governance, it may just be that there is more press coverage. Speaking on a ’Panel Discussion on the Rise of Shareholder Activism in Canada’ at the CVCA ‒ Canada’s Venture Capital & Private Equity Association Professional Development Series, he said there hasn’t been a huge rise in the number of shareholder actions, there is just way more coverage. Major institutional shareholders with the assistance of the press are making their views known across Canada, he said, and the press is putting how they are going to vote on the front page of newspapers. As well, these same institutional shareholders are willing to team up with the hedge funds which are starting these actions and Canadian boards didn’t think they would do that.