In today’s briefing:
- With Passive Funds Dominating Markets Today, Proxy Voting Tends to Be Limited to Formalities
With Passive Funds Dominating Markets Today, Proxy Voting Tends to Be Limited to Formalities
- For asset management companies that mainly use passive funds, it is difficult to have sufficient dialogue with all portfolio companies equally in the environment where AGMs are concentrated in June.
- As more companies focus on meeting formal voting guidelines, there is a risk that the goal of improving corporate value through management reforms will be put aside.
- Solving individual management issues will lead to increased corporate value. However, due to physical reasons, not many companies engage in dialogue regarding individual management issues.
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