Olshan Frome Wolosky
Climate Impact & Sustainability Data (2019)
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Board Diversity
Social Achievements
- Since January 1, 2018, Olshan’s activist clients have nominated over 75 female director candidates. ISS reported that the percentage of women joining boards of Russell 3000 companies and ethnic diversity on boards reached record highs.
Governance Achievements
- Olshan has negotiated 30 settlement agreements resulting in over 55 new directors being seated this proxy season.
Climate Goals & Targets
Environmental Challenges
- Increased difficulty in voting down M&A deals due to arbitrageurs.
- Companies manipulating the nomination process to hinder shareholder nominations.
- Regulatory hostility to activist short selling in Europe.
Mitigation Strategies
- Focusing on settlements to obtain board seats.
- Negotiating for equitable solutions regarding universal proxy cards.
- Advising clients on navigating regulatory challenges in different jurisdictions.