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You are in Direct - Listed Equity Active Ownership » Engagement » Outputs and outcomes
Number of companies engaged
(avoid double counting, see explanatory notes)
Individual / Internal staff engagements
Type of engagement
% Comprehensive engagements
% Leading role
Number of company changes or commitments to change
The number of companies listed above include those companies where we have either seen positive progress in an open engagement, or where an engagement has been closed effectively.
Corporate Governance/ Shareholder rights
Get the company to abolish a policy which prevented a shareholder (group) to control 20% or more of the company’s total voting rights (‘poison pill’).
In a meeting with the company we requested the Board of Directors to abolish the anti-takeover measure and thereby improve shareholder rights at the company.
The company published a statement that it decided not to continue its poison pill and to abolish it at the end of fiscal 2017 based on the opinion of its shareholders and changes in the local corporate governance landscape.
Corporate Governance/ Anti-bribery and corruption
Get the company to introduce the following measures to enhance transparency in financial donations and to improve its governance:
We sent a letter to the CEO/ Chair of the company addressing our concerns about the bribery/ corruption that took place at the company and suggested the above measures to enhance transparency in financial donations and to improve its governance. Shortly after we sent the letter we received a response from the company’s CEO/ Chair that our suggestions would be looked into.
A bit over two months after we sent our letter the company announced a series of measures to bring greater transparency and accountability in managing financial donations and monetary support for corporate social responsibility (CSR)-related activities and funds. Additionally, the company established a special Council to review these projects/ measures.
Publication and implementation of a Human Rights and Labour Rights policy by the company.
In a number of meetings with an engineering, design and consulting company we requested it to implement and publish a Human Rights and Labour Rights Policy and emphasized the importance the importance for the company to have and implement such a policy given its activities in large infrastructure projects globally which could have a significant impact on local communities.
In December 2016, the company issued its first Human Rights and Labour Rights Policy.
Corporate Governance/ Shareholder Rights
Get Swedish companies to propose the members of the board of directors at the annual general meeting for individual (re-)election instead of all in one bundled proposal.
About 40 Swedish companies received a letter from about 12 institutional investors requesting the Board to proposed their candidates for individual (re-)election at the annual general meeting.
Out of the 40 companies, 17 proposed their members of the Board of Directors individually at their 2016 annual shareholder meeting.