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Strathclyde Pension Fund

PRI reporting framework 2017

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

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]


LEA 19. Percentage of voting recommendations reviewed

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

19.1. Of the voting recommendations that your service provider made in the reporting year, indicate the percentage reviewed by your organisation, giving reasons.

Percentage of voting recommendations your organisation reviewed

Reasons for review

19.2. Additional information [Optional]


LEA 20. Confirmation of votes

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

20.1. Describe your involvement in any projects to improve the voting trail and/or to obtain vote confirmation .

          Officers of the Fund have direct access to the proxy voting platform (Broadridge Proxy Edge) used by the managers. Officers monitor the upcoming votes to supervise manager activity and to intervene where necessary on specific issues/votes. The Fund's overlay provider GES had also been mandated to carry on a monitoring programme of manager voting to inform the Fund as to votes of two key themes, climate change and remuneration and also to understand if their exists any conflicts or contradiction in manager actions where a stock is held in common across several portfolios.
        

20.2. Additional information. [OPTIONAL]

          
        

LEA 21. Securities lending programme

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

21.1. Indicate if your organisation has a securities lending programme.

21.2. Indicate how voting is addressed in your securities lending programme.


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 active management of the equity mandates requires managers to follow up votes against as part of the investment process.

When LAPFF issues voting alerts, the alerts contain the rationale for the vote recommended and are regularly sent to target companies for comment.


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