The power shifting towards investors and their proxy advisors raises demand for more professionalism and transparency regarding the investors’ voting behavior. A study from hkp/// group, DIRK – Deutscher Investor Relations Verband (German Investor Relations Association) and Prof. Dr. Michael Wolff from University of Goettingen on the quality of voting guidelines regarding management compensation reveals large quality discrepancies even amongst the top 40 institutional investors in the DAX. The study includes all the well-known investors, including e.g. BlackRock, Vanguard, State Street, Deka Investment, Union Investment, Allianz Global Investors, J.P. Morgan, CalPERS or DWS Group. The message is clear: with great influence comes great responsibility. A significant part of the investment community does not meet that threshold.
For detailed insights, please check out the latest LinkedIn article by hkp/// group Managing Partner Michael H. Kramarsch.