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LocalTapiola Asset Management Ltd

PRI reporting framework 2017

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Overview

LEA 17. Voting policy & approach

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

17.1. Indicate whether your organisation has a formal voting policy.

17.2. Indicate what your voting policy covers:

17.3. Attach or provide a URL to your voting policy. [Optional]

17.4. Provide a brief overview of your organization’s approach to (proxy) voting.

LocalTapiola Asset Management Ltd provides asset management services to institutional and retail clients. Threfore we are not an asset owner and don't have our own voting policy. The LocalTapiola mutual funds have a policy for active ownership which covers guidelines for attending the AGMs and voting. When voting on behalf of the Mutual funds we adhere to their guidelines. As to the discretionary clients, we adhere to the client's voting policies. Voting action is taken on behalf of our clients only if they so request. If we vote on behalf of a client, the vote is conducted according to the client's guidelines or specific instructions.

17.5. Provide an overview of how you ensure your voting policy is adhered to, giving details of your approach when exceptions to the policy are made (if applicable).

The voting policy for LocalTapiola Mutual funds states that the AGMs will be attended to only if the Fund's ownership stake in the company is meaningful. Currently the focus is on AGMs of the Finnish companies. Also, when deemed beneficial we may attend companies' general meetings on behalf of LocalTapiola mutual funds and our other clients and cast votes on issues (if voting is organized), which we find important and relevant to the investment case. We do not actively use proxy voting services.


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