EQ Investors, joined by an investor coalition overseeing over £250bn in assets, has issued an open letter “urgently” calling for asset managers to increase their adoption of pass-through voting.
Tribe Impact Capital, Scottish Widows, London CIV and Smart Pension are part of a list of pension providers, endowments and wealth managers urging fund houses to allow asset owners to directly influence proxy votes in proportion to the AUM they have invested. Pass-through voting is the mechanism by which investors in a pooled fund can vote their shares in proportion to the AUM they have invested, giving them a direct say in how the companies they invest in are run. Pass-through voting tech to boost shareholder democracy among fund investors "Asset managers wield significant inf...
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