A quick and informative read, “Activists Say ‘Yes’ to ‘Vote No’ Campaigns in 2025” from Skadden Arps recounts the uptick in “vote no” or withhold campaigns against directors during the 2025 proxy season, explains the various approaches available to and tactics used by activists to launch “vote no” campaigns, and provides guidance to companies on how to reduce the likelihood of being targeted by — or on the losing side— of such a campaign.