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Politics and mutual fund voting



According to an article in today's WSJ, it looks like an SEC rule requiring disclosure of mutual fund votes is having the predictable effect of giving activists -- particularly including labor unions -- another point of leverage to politicize corporate voting. The possible result is confused investors. Here's my further discussion of the issue.

 

 


Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.