Proxy contests can take various forms and involve a range of issues. These include board election challenges, opposition to strategic initiatives such as mergers, and "seek strategic alternatives/sell the company" campaigns.
Here, the stakes are particularly high, as the outcomes can redefine control of the company, its strategic direction and shareholder value. Also, contests can distract senior management from its primary job of running the company. To minimize these distractions, we organize and manage the proxy campaign, work collaboratively with other team members including attorneys and financial PR firms, and focus management and the board's role in directly contacting the largest investors, with our team handling the majority of the investor contact functions. Most important, we provide our clients and their advisors with our unvarnished analysis as to their likelihood of success under various scenarios.