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Rating:AIM Takes A More Activist Role in Proxy Votes Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, July 17, 2007

AIM Takes A More Activist Role in Proxy Votes

by: Erin Kello

AIM Investments is making good on it recently instated policy to take a more activist role in corporate elections. AIM last year tweaked is guidelines for how its funds vote in corporate elections. The WSJ FundTrack reports that although the final numbers are not in yet, AIM says so far this year it voted against management on 15 percent of all proposals, up from 11 last year. AIM's new proxy policy centers around "accountability," particularly when it comes to director elections. The firm will oppose directors when there are concerns about how the board has handled corporate audits, financial reporting or compensation issues.  

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