Client Memorandum 2012

For the fourth year in a row, we are proud to send to you Sodali's annual Client Memo, discussing trends in corporate governance and the outlook for the upcoming 2012 annual meeting season. We predict an increase in activism at targeted companies and suggest preparations to deal with both short and long-term governance challenges. The Memo is the result of our active involvement and engagement with companies, institutional investors, regulators and other relevant market participants and has quickly become a reference in our industry. Should you be interested in developing these thoughts further, please do not hesitate to contact us at