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Financial firms must deliver on the basic rights of shareholders
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fnlondon.comPolitical democracy is expensive, inefficient and a lot hassle. Yet we think it is worth it. Shareholder democracy should be a good deal easier to deliver. But in the past the financial industry has often found it a bit too much trouble.
That attitude will no longer wash. All types of investors are demanding to exercise their rights as engaged owners of companies — and thanks to digital technology, financial firms are running out of excuses for dragging their feet.
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