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Industry: Email Alert RSS FeedNews: Calls for open voting on fiery issues.(Trades Union Congress wants to know how investment managers vote )(Brief Article)
Pensions Week, February, 2003
The Trades Union Congress (TUC) has demanded that investment managers reveal how they vote on controversial issues in companies they hold shares in.
The TUC said it is surveying fund manager records during 2002 and the information will help union pension fund trustees when hiring or firing managers.
The TUC is sending a questionnaire to the UK's leading institutional investors to ask them how they voted on 50 key company issues in the 2002 proxy season.
The results will be published in the summer and circulated to all 800-plus members of the TUC's Member Trustees Network for use as a quick reference guide to the voting records of leading institutional investors.
The TUC said its initiative is being driven by recent shifts in...
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