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Lombard Odier

PRI reporting framework 2017

Export Public Responses

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


LEA 18. Typical approach to (proxy) voting decisions

18.1. Indicate how you typically make your (proxy) voting decisions.


Based on

18.2. Additional information.[Optional]

As part of our voting policy, a vote occurs as soon as a position represents more than 1% of the portfolio's assets under management. However, only a maximum of 70% of the voting rights will be used. Indeed, during the voting period, the shares whose voting rights are exercised cannot be sold. Under these conditions, we want to keep at any time at least 30% of our position free from voting constraints for asset management purposes.

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]

Voting will be in accordance with RiskMetrics' guidelines with the exception of "material events", i.e.mergers, IPOs, liquidations, spin-off, etc, which require the input from the investment manager on any decision to be taken (before a cut-off time given by RiskMetrics, otherwise the automatic vote following RiskMetrics's recommendations will be generated). LO Funds receives an alert from our proxy voting service when one of our contract listed exceptional event occurs. LO Funds is then able to review the voting decision of the provider and to choose to follow it or not.

LEA 20. Confirmation of votes (Private)

LEA 21. Securities lending programme (Private)

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]