Etica SGR took part in the shareholders’ meeting of the English world leader in TLC Vodafone. The meeting was held in London on July, 24 2007. With more than a million shares Etica SGR voted for every item in the agenda (financial statement approval, board of directors renewal and remuneration plan), yet the company asked for a better attention to female presence in the company’s organs and an higher disclosure about remuneration for the management. Etica SGR voted against the proposals carried by Efficient Capital Structure (ECS) investors. They were asking the company an higher debt ratio and the split of the Vodafone’s stake in Verizon Wireless in order to deliver higher return to the company’s shareholders in the short run.


Engagement Foreign companies
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