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I think anyone watching would agree that the level of attention paid to shareholder voting by
large institutional investors is at a multi-year - perhaps all-time - high, and I doubt anyone expects it to reduce soon.
In fact, with public awareness growing, new issues being picked up (more ‘S’, anyone?), good-quality NGOs surveying voting, and new regulations still bedding down, it is an incredibly busy area.
Against that backdrop, the UK’s Minister for Pensions and Financial Inclusion set up The Taskforce on Pension Scheme Voting Implementation with two purposes: to propose practical solutions to voting-related issues, and to boost pension scheme stewardship “through the system”.
We have spent several months listening to people who have varying roles in the system. A common theme has been that voting is not working as we…