ProxyDemocracy, the site for mutual fund investors, has gotten a facelift. For readers unfamiliar with ProxyDemocracy, it was designed by Harvard’s Andy Eggers. What makes it interesting is that it has identified proxy voting patterns by mutual funds and tracks vote outcomes at many public companies.
For those investors who vote their proxies, the act of voting is often forgotten after the vote is cast. But what happens after the annual meeting? ProxyDemocracy offers answers.
First, it looks at how the major mutual fund companies vote their proxies for companies held in their portfolios. The findings of ProxyDemocracy may be surprising to many of you. Many mutual funds have minimal proxy voting guidelines, leaving to their analysts to make decisions on issues such executive compensation and director elections at their discretion. ProxyAnalyst’s visual tools enables its viewers to see patterns in mutual fund’s proxy voting patterns.
Second, ProxyDemocracy looks at the results of mutual fund votes that have taken place at tens of thousands of annual meetings. This is a very useful tool to measure how your mutual funds stack up as active owners.
Take a look at ProxyDemocracy. It’s worth the visit.
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