Reported 1 day ago
Vanguard Group has announced a significant expansion of its 'Investor Choice' proxy voting program, increasing the number of eligible investors from 3 million to 10 million. This initiative aims to reduce Vanguard's direct influence on shareholder elections by allowing investors to select from various policy options instead of direct votes for specific companies. The program now includes four additional equity index funds, raising the total eligible assets to nearly $1 trillion.
Source: YAHOO