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Sycomore Asset Management

PRI reporting framework 2017

Export Public Responses

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LEA 17. Voting policy & approach

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17.1. Indicate whether your organisation has a formal voting policy.

17.2. Indicate what your voting policy covers:

17.3. Attach or provide a URL to your voting policy. [Optional]

17.4. Provide a brief overview of your organization’s approach to (proxy) voting.

Since 2011, Sycomore AM has developed and implements a voting policy. Since 2015, we systematically vote for all companies in our portfolios. All votes are carefully analysed by the governance team (the ESG team + one person who works in the middle office) with the support of our proxy voting agency ISS. 

17.5. Provide an overview of how you ensure your voting policy is adhered to, giving details of your approach when exceptions to the policy are made (if applicable).

- As a first step, we collaborate very closely with ISS during the preparation of the AGM's season to make sure that our policy is applied at best and that as many cases as possible are covered.

- We also identify voting items or specific situations that require more attention and that we want to handle on a case-by-case basis. For those voting items, ISS issues no voting recommendation for us and "refers" the item to us so that the vote cannot be casted until we have entered the voting instruction ourself. 

- Then, during the voting season, we carrefully review ISS recommendations to detect any potential deviation from our policy or specific situations that might require an exception.

- When we decide to make an exception to the policy, we enter the rationale directly on the voting plateform under the concerned item so that any exception is documented and easily accessible by any member of the team.