We’ve been blogging quite a bit about ExxonMobil’s retail voting program, including this blog about a recent lawsuit filed against it. It remains to be seen whether other companies will pursue this type of program even though many are investigating whether they should.
On other side of the coin, Vanguard recently announced that it will add over $1.4 trillion of its funds – including its flagship “Vanguard 500 Index Fund” and more – to its “Investor Choice” voting program. This means that Vanguard’s voting choice program spans more than half of its US equity index assets.
Just because these fund assets are in the voting choice program, that doesn’t mean investors take advantage of it and direct their own voting choices – but they could if they want. We’ll be talking more about this during our December 10th webcast: “Hot Governance and Engagement Proxy Tips You Need to Know.”
Authored by
Broc Romanek