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First State Superannuation Scheme

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]

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

For Australian equities, First State Super takes into consideration the views of our proxy adviser, fund managers and at times, our engagement provider. After surmising all views, we align our vote to the values expressed in our Responsible Investment policy.

For international equities, after reviewing the ballot, we employ the services of another provider to enter our vote. On votes that are possibly contentious, such as votes on climate change, we have an alert system in place to notify us well in advance of the meeting, so that we may override our service provider's vote if necessary.

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).

Where managers vote against their policy they are required to report to us.

Where we go against our policy, this is documented including reason and final vote and approved by appropriate authority.  It is documented.