Dutch pension funds are holding more shares and want more rights, too
Amazing, but true: shareholder meetings in the Netherlands are becoming fun. At Heineken's annual meeting in April this year, the Shell Pension Fund made life difficult for Heineken's management board. Shell's pension arm (with some $12 bn under management, more than half of it in equities) has a big stake in the brewer and wanted to know why Heineken wasn't more clear about its long-term strategy. The Heineken board didn't seem very pleased by the nature of the questions.
A few days later,
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