...It may well be in the public interest that they spend more time on such matters, but it isn't in their own interest. IMO this is something for politicians to legislate on, or some public sector body to address, not for institutional investors to lose focus looking at. It's wrong for Fools to sound off on this site about how useless fund managers must be because they don't pay any attention to director's remuneration or corporate governance - chances are the fund managers are well focused on the things that matter and are material to their objectives.....Maybe a simple solution is to deny all funds the right to vote on any issue, and to legislate to enable the underlying investors to be able to vote their share of the funds holdings if they so wish. (In a similar way to that allowed by some nominees)That would have the advantage that those voting took some interest in the situation at the company. And would ensure that 'old boy networks' had no power.The computer systems needed to do this online should be reasonably straightforward.
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