Want a Bigger Say on Corporate Behavior? Move Your Money – The New York Times

From our former colleague Jackie Cook — index fund voting patterns may be an unhappy surprise to their investors. [W]hile index funds offered by different companies were often nearly indistinguishable in fees and performance, the voting behavior of the funds was very different. Vanguard and BlackRock, the two biggest fund managers, tended to side with…

Vanguard offers fresh backing for ‘proxy access’ reforms | The Fiscal Times

This is huge news, and possibly the tipping point for widespread adoption of proxy access. BOSTON (Reuters) – Top U.S. mutual fund company Vanguard Group will be more likely to support measures giving shareholders new power over the makeup of corporate boards, a boost for reformers heading into the spring proxy season. A Vanguard spokeswoman…