1. GOVERNANCE AND VOTING PRINCIPLES
We believe that good corporate governance creates the framework ensuring that a corporation is managed in the long-term interest of shareholders. Therefore BNPP AM expects all corporations in which we invest to comply with high corporate governance standards.
Voting at assembly general meetings is a key component of the ongoing dialogue with companies in which we invest on behalf of our clients and forms an integral part of BNPP AM’s investment process. We are committed to ensure consistent exercise of voting rights associated with shares held in Undertakings for the Collective Investment of Transferable Securities (UCITS), Alternative Investment Funds (AIF), foreign investment funds and investment mandates, where proxy voting has been delegated to us.
A document "Governance and voting policy" explains what we expect of public companies and how we carry out our ownership responsibilities.
The policy outlines our key governance and voting principles, describes our proxy voting process, and set guidelines that highlight, for each item, best practices and issues that may trigger an "oppose" or "abstain" vote.
In applying our voting guidelines, we take into account specific circumstances as they relate to individual companies. Our policy and guidelines are reviewed annually in order to reflect the evolution of corporate governance codes and market practices.
This document is available on our website : http://www.bnpparibas-ip.com/en/corporate-social-responsibility/our-economic-responsibility/our-responsible-investment-and-esg-policy/