Shareholder Engagement and Activism

With the increasing level of shareholder activism and contests for corporate control, clients have turned to attorneys in Wilson Sonsini’s Corporate Law and Governance practice who have extensive experience advising on—and responding to—shareholder activist efforts.

Wilson Sonsini frequently represents the boards of global enterprises, as well as special committees and executive management. The firm also represents private equity firms and investment banks in activist matters related to mergers and acquisitions. Our activist-related experience has involved enterprises from virtually every industry, but the firm has particular knowledge in the technology, energy, and manufacturing sectors.

A significant segment of our experience involves activism efforts initiated during the progression of landmark mergers and acquisitions. Wilson Sonsini is consistently ranked among the country’s leading M&A legal advisors based on the number of completed M&A transactions. The quantity of M&A deals in which the firm is involved has given our attorneys countless opportunities to advise clients engaged in business combinations on many activist-related matters.

Wilson Sonsini regularly advises companies on defense preparedness, including:

  • structural defenses
  • stand-alone business and operating strategies
  • financial and strategic alternatives
  • corporate communications

The firm also advises companies on shareholder relations and responding to shareholder proposals, including:

  • executive compensation
  • corporate governance
  • capital structure
  • director nominations

In addition, Wilson Sonsini’s shareholder engagement and activism experience includes:

  • traditional takeover defense strategies, including poison pills
  • contested bids
  • activist shareholder campaigns
  • shareholder proxy rights
  • bylaws and governance strategies
  • corporate compliance and related internal investigations
  • shareholder litigation defense

Wilson Sonsini’s activist team works closely with other practices, drawing on the firm’s experience in the areas of corporate governance, M&A, and executive compensation. They also partner with the firm’s litigation practices, including our securities litigators, who help position clients favorably in response to aggressive activist efforts.

See Shareholder Engagement and Activism Practice on wsgr.com