In an FT Agenda article discussing proxy contest voting trends and the potential impact of the new universal proxy rule on the 2023 proxy season, S&C partner Lauren Boehmke provided insight into the role played by institutional shareholders. “Institutional shareholder support is critical to winning or losing a shareholder vote,” she said. “Institutional investor support in a proxy contest is driven by building solid relationships through shareholder engagement on a clear day before an activist arrives.”