Eli Kasargod-Staub, Founder of Majority Action, says asset managers’ proxy-voting policies need to demand positive action from investee firms.
Academic study condemns managers as “stewards of the status quo”.
Asset owners urged to call for more rigid policies, as ShareAction reveals continued flows to fossil fuel giants.
Shareholder focus on climate metrics to intensify, as mandatory disclosure plans falter.
2022 will see stronger focus on biodiversity as investors show “teeth” to laggards.
It’s not yet clear companies are on the same page as shareholders, let alone wider stakeholders.
After 2021’s skirmishes, this year’s AGM season could see investors push even harder on ESG-related resolutions.
Companies with weighted or limited voting rights through dual class share structures are disrupting investors’ stewardship efforts.
Many managers failing to back resolutions as asset owners look to improve stewardship of investee companies in the transition to net zero.
Sooner or later, governments must catch up with investors, consumers and voters.
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