Fund managers under fire over voting records

The call follows research from the Trade Union Congress, which suggests many fund managers are failing to disclose their voting records despite an industry code of conduct introduced in 2007. Pat Wade, corporate governance manager at Co-operative Investments, says: “Financial institutions expect the highest standards of transparency from the companies in which they invest. “By the same token, it appears entirely reasonable to us that these same financial institutions should disclose whether they are exercising the discretionary voting rights attached to shares under their mandate.” ...