FSA plans closer look at funds via change in Stewardship Code
The Financial Services Agency plans to amend the its Stewardship code to include a provision that will, from next year, require institutional shareholders to reveal how they voted on proposals which investee companies put to them., according to the Nikkei.
The newspaper notes that “By essentially taking away institutional investors’ secret ballots, the agency hopes it can beef up its checks of how these big funds are managed.”
© 2016 Japan Pensions Industry Database/Jo McBride. Reporting on, and analysis of, the secretive business of Japanese institutional investment takes big commitments of money and time. This blog is one of the products of such commitment. It may nonetheless be reproduced or used as a source without charge so long as (but only so long as) the use is credited to www.ijapicap.com and a link provided to the original text on that site.
This blog would not exist without the help and humour of Diane Stormont, 1959-2012
This entry was posted in Articles
. Bookmark the permalink