Vanguard gave investors in a handful of its funds the chance to vote their shares last year, part of a revolutionary push to give people a say in the governance of America’s largest companies.
Instead, almost half of investors opted to let Vanguard do it for them after all.
Nearly 45 per cent of shareholders chose to let the $9.7tn asset manager vote their shares, data shows, the default option for investors who have not been offered the chance to vote their shares at all.
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