Proxy Battles to Become More Commonplace in Mining: Norton Rose

Mining Weekly reported that last month’s shareholder meeting in which Jana Partners expected to be voted to the board of Agrium, but instead got swept out of the vote altogether  bring to light the emergence of likely proxy battles for mining companies in the current environment.

As quoted in the market report:

Mining companies seeking to bolster their defences against a proxy action should do so with care; sometimes the best form of corporate governance has the unintended effect of making the company more vulnerable.

To view the whole Mining Weekly report, click here.