Mizuno: Passive managers' influence over corporate executives has drastically increased
Hiro Mizuno · Sustainable Investing 10: Hiro Mizuno – Changing the Game (Capital Allocators, EP.148) · Jul 9, 2020 · at 41:46
Hiro Mizuno, former CIO of Japan's $1.5 trillion GPIF, discusses the shifting dynamics of corporate governance and the rising influence of passive index funds.
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“The passive manager used to be very easy ones, because they actually either just follow the ISS and address this type of the proxy voting advisors, advisors, advisors, but now they actually have their own, they seem to have their own opinion. And they actually tend to hold the actually much more voting power compared to the active houses. So their impact or influence on the corporate executive has drastically increased.”
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