Activism in the 2024 Proxy Season and Implications for 2025

The 2024 proxy season was notable for a number of reasons. Upward trends in the number of campaigns, the increased number of activists, and an increased focus on “operational” campaigns coupled with decreased success of activists in proxy fights and an uptick in settlements, as well as major developments in the domestic and international political, […]

Mar 14, 2025 - 14:38
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Activism in the 2024 Proxy Season and Implications for 2025
Posted by Neil Whoriskey, Dean Sattler, and Scott Golenbock, Milbank LLP, on Friday, March 14, 2025
Editor's Note:

Neil WhoriskeyDean Sattler, and Scott Golenbock are Partners at Milbank LLP. This post was prepared for the Forum by Mr. Whoriskey, Mr. Sattler, Mr. Golenbock, and Iliana Ongun.

The 2024 proxy season was notable for a number of reasons. Upward trends in the number of campaigns, the increased number of activists, and an increased focus on “operational” campaigns coupled with decreased success of activists in proxy fights and an uptick in settlements, as well as major developments in the domestic and international political, regulatory, and legal landscape, all promise that 2025 will be a very interesting proxy season.

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