The following policies/guidelines cover our corporate engagement activities:
- Responsible Investment Policy
- Corporate Governance and Proxy Voting Policy
- Asset Management Guideline: Issues Management with Investee Companies
It is our policy that investment managers have a duty to use their influence as a shareholder/asset manager in order to achieve better investment outcomes over the long term. From an ESG perspective this means encouraging the Boards and management of investee companies to:
- have the processes and systems in place to identify and manage relevant ESG risks and opportunities effectively;
- be transparent, honest and accountable, which includes providing the level of disclosure necessary for informed investment decision-making; and
- implement corporate structures and management incentives which ensure the company is managed in the long-term interests of shareholders (which includes sustainable business practices).
For equity investments our investment managers have a number of forums in which they can exercise their influence, including:
- Expressing concerns to the company's management directly
- Expressing concerns through the company's advisers
- Meeting with the Chairman, senior independent director or with other independent directors to express concerns directly
- Voting against or abstaining from voting with regard to management resolutions at shareholder's meetings
- Engaging in 'active public intervention', and
- Full or partial divestment.