If the surprise-packed 2015 proxy season carried any lesson, it was that the era of shareholder-director communication has arrived—especially as an antidote to (or a prophylactic against) the challenge of activist investors.

If the surprise-packed 2015 proxy season carried any lesson, it was that the era of shareholder-director communication has arrived—especially as an antidote to (or a prophylactic against) the challenge of activist investors.