Fund companies continued to vote their proxies overwhelmingly in support of management in 2006, supporting 92% of management-sponsored proposals last year but only 37% of shareholder-sponsored proposals, Reuters reports.

This marks a growing trend for fund companies to support management, up from 90% in 2005 and 89% in 2004, according to The Corporate Library, which looked at the voting records of 29 large fund companies.

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