Shareholder Activism Mid-Year 2020: North America in Review
COVID-19 has added an almost undefinable level of uncertainty to all aspects of the global economy, including activism. We entered the new year with activity levels consistent with those seen in previous years, with 39 campaigns launched in January and February of 2020 roughly mirroring the 43 launched in the same period in 2019. However, as the novel coronavirus hit the shores of North America in March, the number of new campaigns shrank, impacting first half data, with 101 registered for the first six months of 2020 versus 134 campaigns in 2019, a 25% drop.
In this report, we break down the data for the first half of 2020, including the make-up of activist demands and how settlements fared, and also list the activists who have been the most active.