To voice its dissatisfaction with extraordinarily high executive severance packages and director absenteeism, Fidelity’s votes against trustee nominations have increased from 5% in 2006 to 13%, Bloomberg reports. Fidelity withheld votes for at least one director at 229 companies this year, compared with 70 in 2006. Besides protesting excessive golden parachutes, Fidelity withheld votes for directors who failed to attend 75% of board meetings.

The increase comes as a result of a Securities and Exchange Commission requirement that companies must fully disclose severance packages.

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