Shareholder Activism
Lazard's review of shareholder activism compiles and analyzes data on key activism trends globally.
The report tracks shareholder activism campaigns by region, sector and campaign objective, such as Board and management change, M&A (either through pushing for a whole company sale or a break-up / divestiture), operational improvements or changes to capital allocation.
Lazard’s Shareholder Advisory team also monitors activist types, including activity by established vs. first time activists, as well as key trends to monitor going forward.
Our Most Recent Activism Report
Annual Review of Shareholder Activism 2025
Lazard’s 2025 Review of Shareholder Activism highlights key trends and data in shareholder activism activity throughout the year. With 297 campaigns waged in 2025, global activity hit a new high and marked a third consecutive record year, with both Q1 and Q3 reaching all‑time highs. Globally, robust activity in the United States and APAC was enough to offset a decline in Europe.
