Proxy Voting in Action

Here's an example of a mutual fund flexing its proxy voting power.

Headline:

Fund managers need to flex voting muscles to force boards to appoint more women

Mutual fund manager BlackRock Inc. has reportedly revised its proxy voting guidelines and may for the first time oppose the reelection of corporate directors, should it determine that a board's makeup is insufficiently diverse. At a time when only 17% of Fortune 500 board seats are held by women, this new policy by the largest money manager in the world could be a game changer.