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...Institutional Shareholder Services, another high-profile shareholder adviser, is recommending shareholders vote in favour of Abrdn’s proposals at its meeting....
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...The £500mn was the first part of a £750mn commitment made by shareholders last July, which was subject to the implementation of a new business plan....
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...The group’s bid for GAM fell through last year after the Swiss asset manager’s shareholders rejected its takeover approach....
...Shareholder activist groups, proxy advisers and some investors including Australia’s Hesta pension fund have criticised the company for not going far enough in setting binding targets....
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...damages” that would have benefited minority shareholders....
...Alan Miller, chief investment officer at SCM Direct, a London-based wealth manager focused on passive funds, believed this was a crucial point....
...Norges Bank, which runs Norway’s sovereign wealth fund and is a top-10 shareholder, had also disclosed it would vote in favour of the pay deal, while another top-20 active shareholder said the deal should...
...Pimco said in the filing that the conversion would benefit the fund’s shareholders, pointing to a potential reduction in costs, including no 12b-1 fees, sales charges and “other potential benefits”....
...US-based hedge fund Shah Capital wrote to the Novavax board on Monday to push for the instalment of two new independent board directors....
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...Several Heathrow shareholders plan to sell their stakes in the airport, complicating a deal that has seen its largest investor agree a sale to Saudi Arabia’s sovereign wealth fund and private equity....
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...The backtracking last month on previous commitments to invest £500mn in the troubled utility capped weeks of tension between Ofwat and Thames Water’s shareholders, which include the sovereign wealth funds...
...His intervention is significant as the oil fund is one of Exxon’s top-10 shareholders with a 1.4 per cent stake worth $5.4bn at the end of 2023....
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