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Connor, Clark & Lunn Investment Management Ltd.

PRI reporting framework 2017

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

Outputs and outcomes

LEA 23. Percentage of (proxy) votes cast

23.1. For listed equities where you and/or your service provider have the mandate to issue (proxy) voting instructions, indicate the percentage of votes cast during the reporting year.

Votes cast (to the nearest 1%)

98 %

Specify the basis on which this percentage is calculated

23.2. Explain your reason(s) for not voting certain holdings

          While CC&L takes its voting responsibilities very seriously and uses best efforts to exercise these rights in all cases, there may be situations when it may be impractical or impossible for CC&L to vote. Such circumstances include a limited number of international markets where share blocking applies. Due to the liquidity and administrative challenges, CC&L will typically not vote in these situations, but may deviate from this approach if the situation warrants.
        

23.3. Additional information. [Optional]


LEA 24. Proportion of ballot items that were for/against/abstentions

24.1. Indicate if you track the voting instructions that you and/or your service provider on your behalf have issued.

24.2. Of the voting instructions that you and/or third parties on your behalf issued, indicate the proportion of ballot items that were:

Voting instructions
Breakdown as percentage of votes cast
For (supporting) management recommendations
90 %
Against (opposing) management recommendations
9.9 %
Abstentions
0.1 %
100%

24.3. Describe the actions you take after voting against management recommendations.

          In order to understand company-specific issues, a significant commitment is made to management interviews. This includes personally interviewing the key decision-makers of each company in our coverage universe. When we vote against management, we use these meetings as an opportunity to communicate our rationale, listen to the perspective of management as well as express our desired outcome. The key takeaways from these meetings are used to establish specific milestones expected to drive value creation or changes to the area of concern regarding the vote. These are monitored with subsequent follow-up meetings or phone calls.
        

24.4. Additional information. [Optional]


LEA 25. Shareholder resolutions (Private)


LEA 26. Examples of (proxy) voting activities (Not Completed)


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