FYI: Prominent asset management firms like BlackRock, State Street Corp., and Vanguard Group have recently taken a more active role in shaping the governance of companies they invest in. But are they doing enough?
According to a new report from Willis Towers Watson, “stewardship” actions, also known as corporate engagement or shareholder activism, currently account for a “small fraction” of asset management industry activities. The consulting and investment firm said the investment industry needed to “substantially step up its game,” citing its analysis of six major players: BlackRock, Legal & General Investment Management, Northern Trust Corp.’s asset management arm, State Street Global Advisors, UBS Group's asset management unit, and Vanguard.
Regards,
Ted
https://www.institutionalinvestor.com/article/b1f0bhh7sd91y0/Willis-Towers-Watson-Tells-Asset-Managers-to-Step-Up
