Many of you will be aware that large investment companies such as Vanguard have been using their power to force companies to introduce policies which align with the views of their bosses in areas such as climate change. This has now resulted in these companies being taken to court by Republican lead authorities and stopped this oppressive practice. The settlement draws a bright red line between passive investing and activist corporate governance, effectively removing proxy power from a small group of asset manager stewardship offices and returning it to actual investors.
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