Twenty-four states’ attorneys general fired off a letter to 25 asset management firms, demanding answers for recent votes on proposals they claim disproportionately favor environmental concerns over those of their shareholders.
The firms chosen to be questioned all had voted at least 75% of the time in line with the nonprofit Institutional for Shareholder Services’ (ISS) environmental proposals that had been highlighted by pro-green advocacy group Ceres.
“The Asset Manager
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