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Resolution Capital Limited

PRI reporting framework 2017

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

(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:

other description

          Executive compensation
        

17.3. Attach or provide a URL to your voting policy. [Optional]

URL

Attach document

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

Resolution Capital has a clearly defined proxy voting policy, with important elements as follows:

Policy Statement: It is the policy of RCL to vote on those resolutions it believes may have a material effect on security holders. The purpose of the Resolution Capital Voting Policy is to ensure that staff acts in the best interest of clients as shareholders.

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).

We ensure the Voting Policy is followed with various procedures in place to ensure all voting occurs and is recorded correctly. We utilise various proxy voting platforms. We maintain a record of all voting on behalf of clients. 


Process

LEA 18. Typical approach to (proxy) voting decisions

18.1. Indicate how you typically make your (proxy) voting decisions.

Approach

Based on

18.2. Additional information.[Optional]

Resolution Capital votes based on its own voting policy.  We engage a service provider for additional research but the decision is made by the investment team. However, client directives are considered and implemented where appropriate.

 


LEA 19. Percentage of voting recommendations reviewed (Not Applicable)


LEA 20. Confirmation of votes (Private)


LEA 21. Securities lending programme (Private)


LEA 22. Informing companies of the rationale of abstaining/voting against management

New selection options have been added to this indicator. Please review your prefilled responses carefully.

22.1. Indicate whether you or the service providers acting on your behalf raise any concerns with companies ahead of voting

22.2. Indicate whether you and/or the service provider(s) acting on your behalf, communicate the rationale to companies, when , you abstain or vote against management recommendations.

22.3. Additional information. [Optional]

Resolution Capital actively engages with company management on corporate governance issues. With respect to major issues, we seek to inform them of our voting, both before and after votes are cast, upon their request.


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%)

99 %

Specify the basis on which this percentage is calculated

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

          German market does not physically block shares but restricts settlement of trades after the vote is submitted.
        

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
94 %
Against (opposing) management recommendations
4 %
Abstentions
2 %
100%

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

          Often we will communicate our vote to management either in response to their inquiry or as a tool for further engagement in order to improve future outcomes.
        

24.4. Additional information. [Optional]


LEA 25. Shareholder resolutions (Private)


LEA 26. Examples of (proxy) voting activities (Private)


Communication

LEA 27. Disclosing voting activities

27.1. Indicate if your organisation proactively discloses information on your voting activities.

provide URL

27.2. Indicate if the information disclosed to the public is the same as that disclosed to clients/beneficiaries.

27.3. Indicate the voting information your organisation proactively discloses to the public.

Indicate how much of your voting record you disclose

Indicate what level of explanation you provide

27.4. Indicate how frequently you typically report voting information to the public.

27.5. Indicate the voting information your organisation proactively discloses to clients/beneficiaries.

Indicate how much of your voting record you disclose

Indicate what level of explanation you provide

27.6. Indicate how frequently you report voting information to clients/beneficiaries.

27.7. Describe any other differences in the information being disclosed. [Optional]

27.8. Additional information. [Optional]


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