Trustees urged to give proxy direction

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CANADA - The majority of pension plans are failing to give investment managers direction on proxy voting, a survey from the Shareholders Association for Research and Education (SHARE) has found.

The survey, which involved 31 firms who collectively manage a total of CAD$553.7bn (US$540.1bn) in pension assets, found 67% of investment management firms were given complete discretion for proxy ...

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