Tumelo CEO quoted in Financial Times

This article by Patrick Temple-West discusses the growing trend among major asset managers like BlackRock, State Street, and Vanguard to offer investors a “voting choice” at shareholder meetings. It explains how, historically, asset managers voted on behalf of investors on key issues like board elections and executive pay. However, under pressure from US Republicans accusing them of "wokeism" these firms are now allowing investors to vote directly, often using policies developed by proxy advisors. Differences in voting policies — such as approaches to gender diversity and ESG issues — highlight the complexities of this shift.

Tumelo's CEO, Georgia Stewart, is quoted within the piece, saying that "voting choice should prompt companies to think differently about their investor relations. Historically, companies simply needed to communicate with their institutional investors. But shareholder voting is starting to splinter in ways that investor relations departments have not appreciated yet".

Read the full article here.