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Lombard Odier

PRI reporting framework 2017

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Overview

LEA 17. Voting policy & approach

17.1. 貴社において正式な議決権行使ポリシーを設定しているかどうかを明示してください。

17.2. 議決権行使ポリシーの対象範囲を記載してください。

17.3. 議決権行使ポリシーを添付するか記載されたURLを提示してください。[任意]

17.4. (委任状による)議決権行使に対する貴社のアプローチの概要を説明してください。 [任意]

Since 1 March 2008, the voting policy of LO Funds is implemented by RiskMetrics Group, formerly Institutional Shareholder Services Limited (ISS).

Guiding principles in performing proxy voting are to make decisions that:

- favour proposals that in the Company's view tend to maximise Fund's shareholder value,

- are not influenced by conflicts of interest

- factor the cost to the Funds (e.g., ballot charges or shareblocking).

These principles reflect the Lombard Odier's belief that sound corporate governance will create a framework within which a company can be managed in the interests of its shareholders. Moreover, LO Funds ensures that the exercise of voting rights are in accordance with the investment objectives of the funds.

LO Funds seeks to fulfil its proxy voting obligations through the implementation of this policy. In this connection, it has retained a third-party voting service ("Proxy Service") to assist in the implementation of certain proxy voting related functions. Among its responsibilities, the Proxy Service prepares a written analysis and recommendation of each proxy vote.

17.5. どのような方法により、議決権行使ポリシーが遵守されるよう万全を期しているかその概要を記載するとともに、ポリシーに例外を設ける際のアプローチについて、その詳細を明示して下さい(該当する場合)。

A external provider helps us for the proxy voting. In case the vote not follows our voting policy, a committee will be convened by the management company in order to resolve the issue. This committee will be made up of the Investment Manager of the fund which is concerned by the decision to be taken, one director of management company, the Compliance Officer and one Employee of the Department “Reporting, Domicile and Taxes”. The decision taken by this committee will be actioned by the Department “Reporting, Domicile and Taxes” and reported for information by the manegement company to the Board at the next Board meeting.


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