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Concern grows over shareholder votes

The involvement of multiple parties in the inefficient world of proxy voting is adding complexity

For institutional investors, trying to cast a vote at every annual or extraordinary meeting in which they have an interest is seen as an impossible task.

It has led to the rise of an independent third-party industry engaged to process the voting on their behalf and spawned a revenue stream for the custodians who are already responsible for keeping safe the investors' assets.

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