NEUBERGER BERMAN ANNOUNCES THE THIRD YEAR OF "NB VOTES" PREANNOUNCED PROXY VOTE INTENTIONS AND RATIONALES
NEW YORK, April 26, 2022 /PRNewswire/ -- Neuberger Berman, a private, independent, employee-owned investment manager, announced the third year of its advance proxy voting disclosure initiative, NB Votes, whereby the firm will regularly disclose its voting intention and rationale on select issues. The firm plans to disclose in advance of stockholder meetings an increasing number of votes than last year on a range of key issues across its nine key governance and engagement principles.
- This year Neuberger Berman, the first major asset management firm to provide broad advance proxy vote disclosure, beginning the effort in 2020, expects to disclose advanced voting intentions for more than 60 shareholder meetings.
- George Walker, CEO of Neuberger Berman, said: "We seek to be engaged stewards on behalf of our clients.
- Neuberger Berman understands that no otherlarge investment manager (AUM +$100 billion) discloses a meaningful number of proxy vote intentions in advance of shareholder meetings.
- The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.