The Proxy Voting Policy is designed to reasonably ensure that proxies are voted in the best interests of our clients. We recognize this duty requires us to vote client securities in a timely manner and make voting decisions that are intended to maximize long-term shareholder value.
Our guiding principles are principle-based rather than rule based and we see proxy votes as an extension of the investment decision. Accordingly, we analyse each proxy proposal in light of these principles on a case-by-case basis, based on the views of the Head of Research, research analysts and Portfolio Managers.
Salt’s policy in relation to securities for which a voting right exists, is to vote on company resolutions as appropriate where it has voting authority and responsibility to do so. Decisions on how to vote proxies are made on a company-by-company and resolution basis, whilst preserving and increasing the value of the investment in the best interests of our clients.
Our guiding principles in performing proxy voting are to make decisions that favour proposals that have the potential to maximize a company’s shareholder value and are not influenced by conflicts of interest.