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Why more investors are voting against companies’ auditors

Growing opposition comes at a time of rising investor engagement and pressure on companies to address environmental, social and governance issues

A growing number of investors are voting against companies’ auditors, possibly signalling dissatisfaction with their services and concern over conflicts of interest.

Shareholders vote annually on major company matters such as executive compensation, the selection of board directors and whether to confirm an auditor for another year. While non-binding, the votes are an important gauge of investor sentiment.

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