Every year, we conduct an owner dialogue with a number of companies in which we have holdings. We write letters to representatives of these companies. We follow up the companies’ work in terms of our investment criteria and corporate governance.
Folksam participates in the Swedish AGMs where we have shareholdings. This means that we attend just around 50 AGMs per year. Before the meetings, we send letters to the board chairs to inform them of the issues Folksam will be focusing on in particular. More information on what questions we asked and what answers we received can be found in the meeting reports, in the blog “A Cat Among the Pigeons” and at the Twitter account @etikkatten. Folksam votes both for and against share-related bonus schemes. In cases where companies have disregarded Folksam’s views, we have chosen to vote against the bonus system.
Folksam has also used its influence to vote at AGMs abroad by electronic voting since 2005.