1919ic’s goal in voting proxies is to act prudently and solely in the best economic interest of its clients. 1919ic contracts with an independent proxy service firm to provide 1919ic with proxy voting guidelines.
For client accounts receiving socially responsive investment advisory services, 1919ic generally votes proxies in accordance with the Service Firm’s Socially Responsible guidelines. These guidelines reflect the dual objectives of economic gain and having companies conduct their businesses in a socially and environmentally responsible manner. On matters of social and environmental import, the guidelines seek to reflect a broad consensus of the socially responsible investing community, referring to policies that have been developed by leading socially responsible investors. Additionally, the Socially Responsible guidelines incorporate the active ownership and investment philosophies of leading globally recognized initiatives such as the United Nations Environment Programme Finance Initiative, the United Nations Principles for Responsible Investment, the United Nations Global Compact, and environmental and social European Union Directives. On proxy votes involving corporate governance, executive compensation, and corporate structure, the guidelines are based on a commitment to create and preserve economic value and to advance principles of good corporate governance consistent with responsibilities to society as a whole.