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Proxy adviser behind negative votes at Fletcher AGM

Prevalence of passive funds using proxy advisers becoming a concern, says fund manager.

Tim Hunter Fri, 27 Nov 2020

Advice from an Australian proxy adviser was behind a significant shareholder vote against Fletcher Building chair Bruce Hassall and director Barbara Chapman at the company’s annual meeting this week.

Although both were re-elected, Chapman received a negative vote of 27.6% and Hassall

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Proxy adviser behind negative votes at Fletcher AGM
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