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You are in Direct - Listed Equity Active Ownership » (Proxy) voting and shareholder resolutions » Outputs and outcomes
For companies in which we have a significant holding or companies for which we participate in the pre-AGM consultation, we communicate our vote intentions against management recommendations and explain the rationales ahead of the meeting.
Board gender diversity
Encourage companies to increase board gender diversity and engage dialogue on this issue.
The same principe was applied to all AGMs: for all companies with less than 30% women on board, our policy is to vote against new male directors or against the Chairperson/the members of the nomination committee standing for reelection. We applied the same policy with a 40% threshold in France, considering that it was to become a legal obligation in 2017.
This voting policy trigerred a number of exchanges on this issue with companies as we explained the rationale. This was an opportunity for us to draw companies' attention to board gender diversity, understand the challenges that some companies are facing in increasing female representation at board level and explain why it matters to us as shareholders.