News From Press MFs voice 'noes' loudly at governance shortfalls

MFs voice 'noes' loudly at governance shortfalls

Source: ET Apr 5, 2024

In a marked departure from their earlier approach to the endorsement of promoter decision-making, governance-focused mutual fund managers are adopting a more assertive stance by actively opposing company resolutions they perceive as detrimental to public shareholders. Data from primeinfobase.com showed the percentage of votes opposing resolutions soared to a record high of 8.55% in FY24, a notable leap from 7% in FY23 and 4.62% in FY22.

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