ShareAction also has suggested that asset managers "too often"
side with firm management always on controversial votes at annual
regular meetings, even when there is a clear case
for challenging company management following a vote.
Aberdeen Asset Management, BlackRock, HSBC Global Asset
named by its sector watchdog as the asset administrators who most
consistently support bottom line management even on the most
questionable votes, out of 33 UK skill managers surveyed in
"Most among us investing with big-name asset administrators trust
them to vote sensibly following a host of controversial issues in
annual general meetings of the specialists we own. But our feedback survey
suggests a wide range of big names in skill management
responsibilities at some of the planets biggest
In order to make their claim, ShareAction identified votes
at the annual regular meetings of major companies at 2014 where
there was more than 29% dissent from shareholders and seen
who voted how on kinds of controversial votes. Most covered
"While the detail of any one electoral vote may not be indicative of
an approach, in addition to does seem to be a pattern for several managers
across the votes we seen with significant shareholder
"We remember investors will be asking tough points of their
asset managers, particularly consider appear to be simply
backing management normally, based on this report.
Investors will probably on the whole support company management.
Yet , they should be willing to vote against
extensive interests of their clients and their
Relationship, asset managers named as using strong track record
of voting defense recommendations by corporate management always on
Threadneedle Asset Management, AB (Alliance Bernstein), Aviva
Sectors affected by i would say the controversial votes included
goods, communication, and financial services. Investee companies
concerned AstraZeneca, BG Group, Burberry, County fair, Reckitt
Saker Nusseibeh, chief executive at their Hermes Galaxy s6 case Investment
Management, one of the skill managers that most
consistently supported bedrijfsvoering in votes according to
ShareAction's data, responded by welcoming the i would say the report
engagement, including voting, compared to directed by our clients is
with the aim of achieving beneficial change, not to ever mount
a campaign or 'box tick', " said Nusseibeh.
global companies or those where clients produce a significant
stake, we seek to encounter dialogue ahead of voting against or it may be
accordingly and as part of a good discussion with the
team voted a 10, 363, analysing 99, 724 resolutions. Within
4, 606 of those meetings a number of resolutions was opposed and
of them costing only 20 meetings the firm abstained. Hermes S6 case voted with
management around exception at 41 meetings and as well as supported management
