Basic principles of voting policy
A proper corporate governance is the central component of a corporate strategy aligned to the long-term sustainability and enhancement of corporate value. Swisscanto bases the exercise of voting rights on a number of Swiss and international corporate governance rules, as well as on the United Nations’ Principles of Responsible Investment (UN PRI), that specify a comprehensive package of environmental, social and governance standards for the decision process.
The basic principles of Swisscanto’s voting policy were developed in collaboration with ISS (Institutional Shareholder Services Inc.), the world’s leading shareholder consultant.
Because of the often significant shareholdings in Swiss companies, Swisscanto follows the “2016 Swisscanto Sustainability Proxy Voting Guidelines for Swiss Companies” guideline, which focuses on specific concerns of Swisscanto. For companies headquartered outside Switzerland, the ISS “2016 Sustainability International Proxy Voting Summary Guidelines” apply. English versions of both voting policy documents are available on the Internet.
The guidelines for the exercise of voting rights are applicable within the Swisscanto Group for both fund companies, Swisscanto Fund Management Company Ltd. in Switzerland and Swisscanto Asset Management International S.A. in Luxembourg. Both fund companies rely on the same voting
policy, but have their own decision-making bodies.