This report shows public data only. Is this your organisation? If so, login here to view your full report.

Colonial First State Global Asset Management (including First State Investments)

PRI reporting framework 2017

Export Public Responses
Pdf-img

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

Outputs and outcomes

LEA 23. Percentage of (proxy) votes cast

23.1. 貴社やサービスプロバイダーが(代理)投票の指示を発行するマンデートを有している上場株式について、報告年度中に行った投票の割合を記載してください。

1%単位の投票率

95 %

この投票率の計算基準を明記してください

23.2. 一定の株式保有分について議決権を行使しない理由を説明して下さい:

23.3. 補足情報。[任意]


LEA 24. Proportion of ballot items that were for/against/abstentions

24.1. あなたの貴社では、貴社や貴社に代わって行動するサービスプロバイダーが出した議決権行使に係る指示を追跡しているかどうか明示してください。

24.2. 貴社または貴社の代理である第3者機関が出した議決権行使に係る指示について投票の割合を記載してください。

議決権行使に係る指示の対象
投票の内訳(%)
経営陣の議案に対する賛成票
94.9 %
経営陣の議案に対する反対票
4.5 %
棄権
0.6 %
100%

24.3. 経営陣の提案に反対票を投じた後にあなたの貴社が取る措置について記載して下さい。

          Generally we will inform companies of the reasons we have voted against directly after the vote or at our next scheduled meeting.
        

24.4. 補足情報。 [任意]

We have included votes against company management recommendations (regardless of whether it is for or against the resolutions) for example shareholder resolutions where we have voted for the resolution even where the company have recommended voting against. 

We have excluded our Realindex and multiasset teams as they vote inline with our proxy voting advisor CGS Glass Lewis. 


LEA 25. Shareholder resolutions

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

25.1. 貴社が直接またはサービスプロバイダーを経由して報告年度にESG関連の株主決議を提出または共同提出したかどうかを明示してください。

25.6. 補足情報。 [任意]


LEA 26. Examples of (proxy) voting activities

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

26.1. 報告年度に貴社またはサービスプロバイダーが実行した(委任状による)議決権行使の例を提供してください。

トピックまたはESG問題
          Remuneration
        
意思決定者
目的

Proxy vote. 

対象範囲およびプロセス

The options grant had no hurdles besides the strike price (which is below the current share price, as at May 4 2016). The options vest in one year, which is an insufficient performance period relative to conventional ASX 300 LTI plans, which have performance periods of at least three years. The reasoning from the board is this grant is to align the interests of the CEO with the growth and success of the company. This alignment already appears to be in place, with the CEO already holding ~$67.8mn in Syrah equity.

結果

Voted against

トピックまたはESG問題
          Governance
        
意思決定者
目的

Proxy vote

対象範囲およびプロセス

Zhengzhou Yutong Bus Co. Ltd.

Items 12 for authority to invest up to RMB20 billion in wealth management products looks a bad practice from risk management and governance perspectives.

結果

Voted against.

トピックまたはESG問題
          Governance - disclosure
        
意思決定者
目的

Want Want China Holdings Ltd

Authority to Issue Repurchased Shares

対象範囲およびプロセス

Issue price discount not disclosed

結果

Voted against

トピックまたはESG問題
          Governance - Tenure
        
意思決定者
目的

Pacific Gas & Electric Co

Relection of four of the board's directors.

対象範囲およびプロセス

We believed tenure was an issue, including board representation during controversial safety issues.

結果

Voted against reelection of four directors. 

トピックまたはESG問題
          Governance - preemptive rights
        
意思決定者
目的

TAT Hong Holdings

Authority to Issue Shares w/ or w/o Preemptive Rights

対象範囲およびプロセス

We don't support issuing up to 20% of the company without pre-emptive rights.

結果

Voted against

26.2. 補足情報。

We have included examples where we voted against BOTH the management's and the proxy advisor's recommendations to demonstrate the independent decision making by our investment teams.  


Top