AIC launches government petition to overhaul investor voting rights legislation

Following issues from Saba saga

In a call for investment platforms and other nominees to be compelled to share company information and voting rights with investors, the Association of Investment Companies (AIC) has launched a government petition to change company law.

Through its ‘My share, my vote' campaign, the AIC's petition, launched today (7 April), aims to allow investors and their advisers to vote their shares without obstacles or additional charges.  Under the current Companies Act, nominees, such as investment platforms, may pass on company information and voting rights.  AIC launches campaign to improve voting practices among investment platforms and providers "We believe that is not good enough. These rights must be passed on and the law should be changed accordingly," said Richard Stone, chief executive of the AIC.  As part of its...