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West Midlands Pension Fund

PRI reporting framework 2017

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


LEA 18. Typical approach to (proxy) voting decisions

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


Based on

          Combination of our own voting policy (UK market) and the voting policy of the service provider which is signed off by us

18.2. Additional information.[Optional]

The Fund follows the voting advice of PIRC for European US, Japanese, Pacific region and Emerging Markets companies.  However, note that the Fund has developed a bespoke template for voting at UK meetings.

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]

The Fund's proxy voting provider PIRC provides a draft copy of their voting recommendations to companies in advance of the AGM for their comments (select markets).

When LAPFF issues voting alerts, the alerts contain the rationale for the vote recommended.