F&C reveals tougher voting stance

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GLOBAL - Asset manager F&C nearly doubled its votes against company management in shareholder resolutions last year, reflecting a tougher stance on corporate governance, the firm said.

F&C revealed it voted in nearly 72,000 resolutions worldwide on issues including board elections and remuneration last year, 18% of which were opposed to management. This was up from 10% in 2009. ...

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