SDX Protocol

The Shareholder-Director Exchange Protocol (SDX™ Protocol) was created by a working group of leading independent directors and representatives from some of the largest and most influential long-term institutional investors.  The group came together to provide guidance to other investors and directors about the growing trend towards shareholder-director engagement. 

The working group has devised the SDX Protocol to assist US public company boards and institutional investors who wish to consider engagement by providing a practical framework for effective, mutually beneficial engagement.  Although the SDX Protocol can be utilized in the context of a corporate crisis, it is intended to be a broader template for addressing corporate issues in the normal course of business.

Cadwalader is an advisor to and primary sponsor of the SDX project.

To learn more, please visit the SDX Protocol website at

Recent press coverage:

SDX Hosts Inaugural Symposium on Shareholder-Director Engagement to Further Advance Growing Governance Movement
Nov 17, 2014 

The Shareholder-Director Exchange (SDX) Working Group and Founders – Cadwalader, Teneo, and Tapestry Networks – hosted the inaugural SDX Symposium in New York City, convening leaders from a range of disciplines to engage in a candid discussion about the importance of shareholder-director engagement in corporate governance.


SDX Investor Members Ask Russell 1000 Companies to Bolster Engagement Efforts
Jul 22, 2014

Shareholder-Director Exchange (SDX) announces new steps to advance growing governance movement.


Cadwalader News

ACI Summit on Controlled Substances: Regulation, Litigation and Enforcement

Jodi Avergun is speaking at this ACI event on January 30 in Washington, DC.

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