In line with the ongoing global trend of Has your company investment moving from active to passive communicated with asset 20.5% 15.8% styles, the percentage of respondents’ management ifrms with 33.1% companies communicating with passive 38.2% investors increased in 2019 to 38.2% from a predominantly passive 33.1% in 2017, with the largest increase in investment style in the 46.4% 46.1% Emerging Asia (33.9% vs. 20%) and North past 12 months? America (52.4% vs. 37.7%). Yes No Uncertain These meetings and communications with l l l 2017 2019 passive investors involved fully 92.6% of respondent companies’ IROs, with 15.8% involving a member of the Board. Who was involved in the meeting discussion with those ifrms? 2017 2019 l l Investor Relations 91.9% “ Since the end of 2006, Officer 92.6% investors have withdrawn 42.8% nearly $1.2 trillion from actively CFO 37.9% managed U.S. equity mutual CEO 29.5% funds, and have allocated 22.8% roughly $1.4 trillion to U.S. Corporate Governance 21.6% equity index funds and Officer 18.9% 2 exchange-traded funds (ETFs).” Board Members 13.5% 15.8% Other 10.2% 16.7% 2 Forbes. Passive Investing Vehicles Close the Gap with Active Management. Retrieved on January 29, 2020 from https://www.forbes.com/sites/ greatspeculations/2019/02/04/passive-investing-vehicles-close-the-gap-with-active-management. 10