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Sumitomo Mitsui DS Asset Management Company, Limited

PRI reporting framework 2017

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

Overview

LEA 17. Voting policy & approach

17.1. 貴社において正式な議決権行使ポリシーを設定しているかどうかを明示してください。

17.2. 議決権行使ポリシーの対象範囲を記載してください。

17.3. 議決権行使ポリシーを添付するか記載されたURLを提示してください。[任意]

17.4. (委任状による)議決権行使に対する貴社のアプローチの概要を説明してください。 [任意]

The Executive Management Committee, which consists of directors and executive officers, deliberates on SMAM's basic policy on the exercise of voting and other shareholder rights, and the CEO approves the policy. The Voting Rights Exercise Subcommittee stipulates specific guidelines, the SMAM Guidelines for the exercise of voting rights, establishes the decision-making process, and develops the operation structure relating to instructions for voting. The executive officer responsible for corporate research serves as the head of this subcommittee, which consists of the heads of each investment group and its staff. The heads of the relevant investment groups decide to vote for or against each proposal in accordance with the SMAM Guidelines, the Directions and Regulations for the Exercise of Voting Rights, and the Practical Overview on Exercise of Voting Rights for Domestic Stocks. Currently, SMAM in principle does not exercise inconsistent votes. When more than one of the investment groups holds a particular stock, and if the voting decision differs from one investment group to another, the Voting Rights Exercise Subcommittee makes the final decision to ensure consistent voting.

17.5. どのような方法により、議決権行使ポリシーが遵守されるよう万全を期しているかその概要を記載するとともに、ポリシーに例外を設ける際のアプローチについて、その詳細を明示して下さい(該当する場合)。

SMAM has the strict procedure of proxy voting. In some of the cases, not only single check but double or triple ones as well for should be held in order to follow the guideline. In the other cases, the voting can be automatically processed along the guideline. In this way, there has been no exceptional voting to the guideline.


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