Detail Content
Management of Mutual Fund
16. Exercise of voting rights in a shareholders' meeting
Where a mutual fund management company invests in securities of a company as an asset of the mutual fund, the mutual fund management company shall comply with the rules to exercise the voting rights in the name of mutual fund as follows:
1. Provide clear guidelines for exercising of voting rights for the best interests of the mutual fund;
2. Exercise voting rights at shareholders' meetings in matter that may have significant impacts on the mutual fund's benefits;
3. Establish an operation system for auditing on exercising of voting rights;
4. Disclose to investors through an appropriate method and with sufficient details of the practice and the course of actions in exercising of voting rights.