Genesis views engagement as the purposeful communication with company management on a wide range of matters which have a material impact on long-term shareholder value including strategy, capital structure, performance, risk and corporate governance. Our Investment Team engage with company management via regular meetings, site visits, calls and correspondence. We look for management’s long-term commitment to a sustainable business model by considering a management’s track record, their focus on relationships with various stakeholders, accountability, past practices and progress. A key issue is the alignment of interests with minority shareholders.
We will not invest in a company without having first interviewed management.
In 2016 we conducted over 1,000 interviews with companies (potential and existing investments, competitors and supply chain entities) to develop our knowledge of individual companies and to allow a comparison with peers and competitors globally, including in developed markets. Our aim is to build long-term relationships with companies and have frank and constructive communications with them. Detailed notes on such engagements are maintained in a central database and available to the full Investment Team.