Posted on 29/06/09
Funds take greater role as activist shareholders
INVESTMENT REPORTERMutual funds are becoming increasingly aggressive in voting against company management and using annual general meetings to push socially responsible agendas."You are seeing a less friendly attitude toward director nominees, for one thing," said Laura O'Neill, director of law and policy for the Shareholder Association for Research and Education. "It's a relatively positive sign that shows some movement toward a more critical approach to management."
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