Responding to criticisms by one labor group that because it votes its proxies so often in line with corporate management it has become an excessive “pay enabler,” AIM Investments’ board of directors set up a committee last year to revamp its proxy guidelines. And early results on this year’s corporate election season appear to indicate the changes have made a real difference, The Wall Street Journal reports.

Of the roughly 1,000 corporate elections in which it voted this year, AIM said it voted against management recommendations at least once 45% of the time. Overall, AIM said, it voted against all of management’s proposals 15% of the time.

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