News & Press: IoDSA in the Press

Investor voting disclosure urged

Friday, 25 January 2013  
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Shareholder activist Theo Botha is calling for institutional shareholders to disclose the number of shares they vote at shareholder meetings and how they vote those shares.

"Anything less will leave stakeholders in the dark because some institutional investors outsource the management of funds to service providers and may or may not have mandates, which means that nobody is really sure who is voting with how many shares,” he said.

  Botha was commenting after the release of the first practice note issued by the committee responsible for drafting the Code for Responsible Investing in South Africa (Crisa). Botha is a member of the committee and was also involved in developing the code, which is voluntary and came into effect last February, and the practice note. Read more...