Proxy Fight

7th-level Sales & Stakeholder Management

Casting Time: 1 action to file (a proxy statement), though the vote itself is not held for 2 to 4 months
Range/Area: Special; one organization in which you hold a qualifying stake
Components: V, S, M (a competing slate of board nominees, consumed; a proxy solicitation budget, consumed)
Duration: Until the vote is certified
Classes: Activist Investor, Fund Manager, Board Nominee

Choose one organization in which you hold a qualifying stake and one or more seats currently held on its board. Rather than persuading shareholders to side with you informally, as with Activist Campaign, you compel a formal vote on your nominees directly. Every shareholder of record must be solicited; a shareholder who does not return a vote is counted as voting with the incumbent board, regardless of their actual opinion of either slate.

If your nominees receive a majority of votes cast, they replace the incumbents holding the contested seats at the conclusion of the meeting, with full authority effective immediately. If they do not, you may not file another Proxy Fight against the same organization for one year, though an active Activist Campaign is unaffected and may continue.

At Higher Levels. When cast using a spell slot of 8th level or higher, an active Due Diligence finding may be published as part of your solicitation materials, granting disadvantage on the incumbent board’s collective Tenure saving throw for the duration of the vote.

Flavor: “We urge shareholders to vote the WHITE card and reject the incumbent board’s continued mismanagement.” — solicitation mailer, one of eleven received by the same shareholder that quarter