Bank shareholders flex their muscles

Shareholders in European banks are making their presence felt after being criticised for their failure to raise the alarm over risky practices or oppose management in the period before the financial crisis. The average proportion of shares represented at the annual meetings of 12 of Europe’s largest banks rose from 46% last year to 52% this year, according to data prepared by proxy voting agency Manifest for Financial News.

Dominic Elliot & Laura Willington, 08 June 2009
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