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North East Scotland Pension Fund

PRI reporting framework 2017

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


LEA 18. Typical approach to (proxy) voting decisions

18.1. Indicate how you typically make your (proxy) voting decisions.


Based on

18.2. Additional information.[Optional]

As a long term shareholder one of the main tools open to the NESPF is to use its influence is by exercising its voting power on governance, social and environmental factors with the companies in which it invests. Apart from our Pooled Passive Fund we vote in-house on at all AGM’s and EGM’s where the Fund is entitled to vote. The Fund’s voting advice is provided by P.I.R.C (Pensions & Investment Research Consultants Ltd). PIRC is the UK’s leading independent research and advisory consultancy. In additional the Local Authority Pension Fund Forum (LAPFF) also provides us with research including the receipt of regular alerts on companies with serious corporate governance failings. Both sources of information are taken into account when making our voting decisions

LEA 19. Percentage of voting recommendations reviewed (Not Applicable)

LEA 20. Confirmation of votes (Not Completed)

LEA 21. Securities lending programme (Not Completed)

LEA 22. Informing companies of the rationale of abstaining/voting against management

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

22.1. Indicate whether you or the service providers acting on your behalf raise any concerns with companies ahead of voting

22.2. Indicate whether you and/or the service provider(s) acting on your behalf, communicate the rationale to companies, when , you abstain or vote against management recommendations.

22.3. Additional information. [Optional]

When LAPFF issues voting alerts, the alerts contain the rationale for the vote recommended and are regularly sent to target companies for comment.