Corporate governance provides a framework for ensuring that companies are well managed and that shareholders’ interests are well represented.
We believe that all corporations in which we invest should implement high corporate governance standards.
- Acting in the long-term interest of shareholders.
- Protecting shareholders’ rights.
- Ensuring an independent and efficient board structure.
- Aligning incentive structures with the long-term interests of shareholders.
- Disclosing information accurately, adequately and timely .
- Ensuring good environmental and social performance.
Promoting good corporate governance and voting at general meetings of shareholders are both key elements of the ongoing dialogue with companies in which we invest on behalf of our clients, and form an integral part of our investment process.
We are committed to ensure consistent* exercise of voting rights associated with shares held in Undertakings for the Collective Investment in Transferable Securities (UCITS) and segregated accounts where proxy voting has been delegated to us.
Voting rights are exercised in accordance with our Voting Policy which spells out overarching principles and operational guidelines: it explains what we expect of public companies and how we carry out our ownership responsibilities. The policy outlines our key governance and voting principles, describes our proxy voting process and sets guidelines that highlight for each item best practices and issues that may trigger an “oppose” or “abstain” vote.
Furthermore, we publish an annual Proxy Voting report providing an overview of proxy voting activities. It details the scope of voting, the number of general meetings and resolutions voted and also its breakdown.