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You are in Direct - Listed Equity Active Ownership » (Proxy) voting and shareholder resolutions
Elo primarily exercises its ownership policy in tree ways: by participating in the general meetings of the companies in which it holds an interest, engaging in dialogue with company management and participating companies' nomination committees. Elo attends the general meetings of companies listed in Finland in person and by proxy outside of Finland through a partner that is provided with clear instructions regarding Elo’s objectives before the meeting.
We always do the voting decisions by our selves and thus we make sure that our voting policy is applied. Elo's ownership policy steering group provides guidance on AGM practices.
In Finland we use our own research and make voting decisions without the use of service providers. Outside of Finland we use our service provider to provide us broadly information about the company history of each ballot item and information regarding e.g. specific sector or country. We use this information combined with our own experience and knowledge to form our decision for voting activity which complies with our voting policy.
In such a case we usually pursue to interact with the company before the AGM regarding our ownership policy. With this practice we aim to change the proposal to be in line with our policy. We have published our ownership policy on our website and it is available easily also to company management and board members.
In Finland we attended almost 100% in AGM's. We vote in actively managed equities.
We monitor the outcomes afterwards whether the resolution is passed or not.
We will disclose our voting activities to the public from 2017 onwards.