Press Release
TUC Continues To Fuel Myths
27th June 2008
Responding to the TUC’s sixth annual survey on fund manager voting, Richard Saunders, Chief Executive of the Investment Management Association, said:
"The TUC survey finds that three quarters of fund managers responding to it make voting data available publicly. This picture bears out the conclusion of the IMA’s own surveys which show a steady increase in the publication of voting records over the last five years. IMA, along with other investor bodies, is firmly committed to transparency and accountability. The industry has made great strides in this area over the last few years, of which it can be justly proud.”
IMA surveys around 33 members on their practice in relation to the industry’s published principles for engagement and transparency. The results show a steady increase over the last five years:
|
|
31.12.2007 |
30.6.2003 |
|
Firms making their engagement policy public in full |
25 |
9 |
|
Firms disclosing voting information to clients |
33 |
32 |
|
Firms making voting information public |
19 |
2 |
In addition, since 31 December 2007, at least two more managers are now making voting information public.
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