The activism of institutional investors in other countries has been spearheaded by:

Question

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The activism of institutional investors in other countries has primarily been led by U.S.-based pension and mutual funds that have acquired large stakes in foreign companies. These U.S. investors have been increasingly active in pushing for changes in corporate governance and environmental and social policies in the companies they invest in. Foreign institutions have also become more active, but they are generally not as influential as their U.S. counterparts. Managers have played a role in some cases, but they are not the driving force behind the trend. Individual investors are not typically powerful enough to influence public service companies on their own.

The Activism of Institutional Investors in Other Countries Has Been