European fund giant questions Frydenberg proxy reforms
European fund giant questions Frydenberg proxy reforms May 4, 2021 – 10.54am Share A $400 billion European pension fund has questioned Treasurer Josh Frydenberg’s move to force proxy advisers to split from superannuation funds, raising concerns the proposals could squeeze the amount of time investors have to consider how to vote their shares. The Treasurer’s proxy firm proposals have been endorsed by business leaders but questioned by major investor groups. Vanguard, which oversees more than $9 trillion of savings as one of the world’s biggest asset managers, said its voting behavi...
Source: afr.com