Asset owners aim to change company behaviour through proxy voting

Investors are bringing about meaningful change in how companies address key issues, particularly around independence and sustainability. Malaysia's Employee's Provident Fund (EPF) regularly reviews its voting policies and in 2022 it revised its policy on the reappointment of any independent directors who have served on the board for more than nine years. It has also voted on the reappointment of chairmen of nomination committees, where there is one or more independent director who…