Shareholder activism in Canada: trends and outlook for coming years

In this article — “Shareholder activism in Canada: trends and outlook for coming years” — the authors examine the recent increase of shareholder activism targeting board composition and company leadership, the attitudes of Canadian securities regulators toward intervention, and how issuers and shareholders can calibrate their strategies to align with regulatory expectations and investor priorities.This article is authored by Teresa Tomchack, a partner in Osler’s Disputes group, John Valley, a partner and Chair of the firm’s Corporate Governance practice, Lauren Harper and Tamara Kljakic, associates in the firm’s Disputes group, and Wesley Cohen, an associate in the firm’s Corporate group.Osler Legal Outlook is brought to you by Osler, Hoskin & Harcourt LLP. Osler is a leading, national law firm with a singular focus — your business. We advise clients on an array of domestic and cross-border legal issues, drawing on the expertise of over 600 lawyers to provide the answers you need, when you need them.Osler Legal Outlook, published on December 4, 2025, provides general information only and does not constitute legal or other professional advice. Specific advice should be sought in connection with your circumstances.For more information about Osler and for the full Osler Legal Outlook, please visit our website, osler.com.