Institutional investors agree to join forces in battling corruption by improving their transparency through a detailed disclosure of their annual general meeting's resolutions, says Voravan Tarapoom, chairman of Association of Asset Management Companies (AIMC).
"This will help improve the corporate governance of business operators as normally big investors would disclose only the resolutions of the meeting but not the reasons behind them. Once they agree to let public know why they voted the way they did, the public will be able to make an informed decision on their investment and listing companies will know the factors influencing the decisions of these institutional investors," said Mrs Voravan.
She said all asset management companies who are AIMC members are willing to disclose the reasons openly. Information disclosure include the key reasons behind the institutional investors' investment decisions as well as their concerns, which are mostly about the accounting standards of listing companies.
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