The lack of standard voting instructions and vote confirmations make it less appealing for investors to vote on corporate actions, according to a panel of speakers at the Corp Actions Europe 2011 conference in London in July.
Some investors opt out of voting on a corporate action because they are not sure votes are registered and counted the way they want them to be. More large fund managers should be encouraged to be active owners, said panelists.
Helena Mahoney, Hermes Equity Ownership Service
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