Tuesday 15 March 2011

The wacky world of shareholder voting

A random snippet (PDF) from my adventures in voting data.

Alliance Trust - whoops we pressed the wrong button.

It voted in favour of an annual Say When on Pay vote at Monsanto's AGM this January. But a note to its disclosure states this was a "clerical error" and "the action should have been in line with management i.e. the 3 years."

Still, that's a decent outcome in my book! It was an easy win on the annual vote in that case anyway, and Alliance Trust's holding is piddly. But it does make you wonder how often votes get cast the wrong way like this.

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