Senior M&A Partner Frank Aquila authored a memorandum to boards of directors, “Universal Proxy: Reflections and Predictions,” in Practical Law The Journal analyzing the 2023 proxy season—the first since the SEC’s universal proxy rules took effect—and providing key takeaways for company boards ahead of the 2024 season.
In the article, Frank noted that proxy advisor recommendations had meaningfully affected the outcome of proxy contests and that scrutiny of board compositions had intensified, regardless of whether a company faced activism.
Read “Universal Proxy: Reflections and Predictions.”