In today’s briefing:
- Is It Difficult to Separate Business Relationships from Proxy Voting?
Is It Difficult to Separate Business Relationships from Proxy Voting?
- Competition little work because the portfolio company had advantage over competitors in business. This distorted competitive environment may have prevented the beneficiaries from receiving the benefits they should have received.
- If the business was advanced by competitive advantage through the ownership of shares in the portfolio company, the beneficiaries may not have received the benefits that they should have received.
- The question is whether the life insurers are exercising their voting rights properly for the benefit of the beneficiaries in the shares of client companies they hold.
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