Investors fight German plans

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Institutional investors are opposing moves in Germany that would curb shareholder activism.

A proposed law, being considered by the Bundestag, would stop shareholders consulting each other prior to votes at annual company meetings. A final decision is expected in March.

The International Corporate Governance Network, whose 40 members manage $15trillion (£7.5tn), says the proposed changes would undermine efforts to encourage companies to behave more responsibly.