Fund companies continue to exhibit abysmal voting records on proxies supported by shareholders, Reuters reports, citing a report from analyzing proxy voting records at 54 fund groups. Most continue to overwhelmingly side with management.

The fund companies supported 90.7% of management proposals in the latest voting period and only 35.2% of shareholder proposals. Support for management proposals remained steady from 91.3% in the voting period ended June 30, 2006, but support for shareholder proposals dropped from 38.2%.

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