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Institutional investors skeptical about need for SEC action to limit social activism

By Jason Booth ( March 5, 2019, 23:28 GMT | Insight) -- Institutional investors are expressing skepticism about the need for the Securities and Exchange Commission to act to limit social activism by shareholders, saying such changes would force them to engage in litigation, proxy fights or teaming up with other investors. The debate comes as traditional shareholder activists are increasingly looking to environmental, social and governance investing as a way to increase their influence over target companies, including by building alliances with institutional investors.Institutional investors are expressing skepticism about the need for the Securities and Exchange Commission to act to limit social activism by shareholders....

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