Fund managers urged to vote down boards

Fund managers should be prepared to vote to dismiss directors deemed to be running companies badly, t...

Fund managers should be prepared to vote to dismiss directors deemed to be running companies badly, the IMA claims. Chairman Robert Jenkins called on the industry to do more to encourage responsible business practices in companies they own, at a speech to the CFA Society of the UK yesterday. He says: "Surely it must be a good thing for our industry and industry more generally that company boards listen to the agents of their owners. "Alas, many will not do so unless they believe there will be consequences if they do not. And they will not believe there will be consequences until t...