Vanguard to Outsource Portion of its Stock Voting Power
Posted on 04/25/2019
The world’s second largest asset manager, Vanguard Group, revealed plans to allocate part of its voting powers, about 9% of its assets, on listed company boards to outside fund supervisors that control an excess of US$ 470 billion of its holdings. These are specific to Vanguard’s active equity funds. In the past, Vanguard made these […]
