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.