Governance almost totally eclipses environmental and social factors when it comes to stakeholder concern, a report by AXA Investment Managers (AXA IM) has shown.
The report showed that stakeholders with voting rights are overwhelmingly concerned with governance (G), with the social (S) and environmental (E) factors of ESG accounting for just 1% of negative votes.
The report surveyed 4115 annual general meetings in 2013, and found that in 36% of those meetings there was at least one vote against management, or an abstention.
See full Article: http://www.financialstandard.com.au/news/view/40229542
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