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Proxy Voting
ISS Releases 2012 Proxy Voting Guidelines
December 06, 2011
Institutional Shareholder Services Inc. (ISS), one of the major proxy service providers to mutual funds, recently released its 2012 updates to its benchmark proxy voting guidelines. These guidelines will be effective for shareholder meetings held on or after February 1, 2012. Significant updates to the… read more
Commentary: Mutual Fund Proxy Voting
November 03, 2011
A recent commentary by a Reuters contributor discusses the amount of power that mutual funds wield over corporate policies by voting the shares of their portfolio companies. The author states that funds have an obligation to vote in the best interest of shareholders and… read more
Study: Fund Voting in Director Elections
October 04, 2011
A recent study analyzed mutual fund voting decisions in uncontested director elections. The study considered how the recommendations of Institutional Shareholder Services ("ISS") affected fund voting and concluded that the influence of ISS is "due more to funds' measured evaluation of the ISS recommendations… read more
Article: Say-On-Pay
September 26, 2011
A recent article, published in the Harvard Law School Forum on Corporate Governance and Financial Regulation, expresses concerns regarding say-on-pay votes under Dodd-Frank. The article asserts that say-on-pay can cause significant problems, including interfering with a corporation's management of executive pay and the… read more
Taub on Mutual Fund Proxy Voting
April 19, 2011
Jennifer Taub, a professor at Vermont Law School, has published a paper entitled, "Able But Not Willing: The Failure of Mutual Fund Advisers to Advocate for Shareholders' Rights," examining how investment advisers to large mutual fund families cast proxy votes on shareholder-sponsored corporate governance resolutions.… read more