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Edinburgh Partners Limited

PRI reporting framework 2017

You are in Direct - Listed Equity Active Ownership » (Proxy) voting and shareholder resolutions » Overview


LEA 17. Voting policy & approach

New selection options have been added to this indicator. Please review your prefilled responses carefully.

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]


Attach document

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

Edinburgh Partners uses an independent service provider to assist it in determining Edinburgh Partners Proxy Voting Policy and in implementing its proxy voting decisions. The provider Edinburgh Partners uses is ISS Group.  Specifically ISS Group assists Edinburgh Partners in the proxy voting and corporate governance oversight process by developing and updating the ISS Group proxy voting guidelines, and by providing research and analysis, recommendations regarding votes, operational implementation and record keeping and reporting services. 

Edinburgh Partners decision to retain ISS Group is based principally on the view the services that ISS Group provides, subject to Edinburgh Partners oversight, will generally result in proxy voting decisions which are favourable to shareholder’s interests. In addition, portfolio managers will review the ISS Group recommendations and may cast votes which differ from these where they have good reason to believe it is in the best interests of the shareholders.  In these instances full documentation is maintained of any variation from the recommended course of action and reported to the relevant clients.

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).

We determine our responsibilities for voting at the point we take on new clients. The IMA is reviewed and the requirements are identified. Where the requirement is to secure voting rights and exercise them in line with our standard policy, we work with our outsourced supplier to secure access to the ballots and include them within the relevant client group. All ballots are reconciled prior to votes being instructed to ensure they are in line with expectations. Our default is to vote in line with the ISS recommendations. However, as described in our response to Q18, our standard policy allows our analysts to vote in a manner other than in line with the ISS voting recommendations. While this is not deemed an exception to our policy, we do systematically retain full documentation of the rationale for any variation from the ISS recommended course of action and report this to the relevant clients.