The National Association of Pension Funds (NAPF) has printed a guide to help pension fund trustees understand their role in shareholder voting.
The new document, ‘Voting made simple’ helps trustees to better explain their rights, as beneficial owners, when voting at company meetings. According to the NAPF, pension funds owns close to a fifth of British business, so exercising their shareholder rights, enables them to voice their opinion on the way a company is being run. The guide runs trustees through the voting process, explaining who the participants are and how to manage them, to ensure their votes are not lost. Geoff Lindey, NAPF strategic adviser on corporate governance says pension funds have a responsibility towards ...
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