Record-breaking volumes of activist campaigns, both public and private, are shaking up the investing world as activists flex their muscles, enjoying new voting powers and privileges in the U.S. and abroad. In this episode of J.P. Morgan’s “Making Sense,” Chuka Umunna, global head of Corporate Governance and Sustainable Solutions, is joined by Darren Novak, global head of Shareholder Engagement and M&A Capital Markets, and Lyndon Park, from the U.S. M&A Capital Markets team, to discuss the seismic shifts in shareholder activism.

Their conversation covers how institutional investors are adopting activist tactics and how market volatility is fueling opportunistic moves. It also explores how universal proxy cards, SEC guidance, and political scrutiny of proxy advisory firms are changing the game, plus behind-the-scenes battles in Europe, governance reforms in Japan, and other examples from around the world - and much more.

Tune in for insights on how companies and boards can anticipate, respond and thrive in the "new era of shareholder activism."

This episode was recorded on May 6, 2026.

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