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Lombard Odier

PRI reporting framework 2017

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


LEA 18. Typical approach to (proxy) voting decisions

18.1. (委任状による)議決権行使を通常どのように決定しているかを明示して下さい。



18.2. 補足情報。[任意]

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

19.1. 報告年度において貴社のサービスプロバイダーが行った議決権行使に関する提言の中で、貴社が検討したものの割合およびその理由を記載してください。



19.2. 補足情報 [任意]

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. 貴社または貴社に代わって行動するサービスプロバイダーは、議決権の行使に先立って、当該企業に対し懸念等を表明しているかどうか明示してください。

22.2. 貴社や貴社に代わって行動するサービスプロバイダーは、議決を棄権したり、経営陣の提案に反対票を投じる場合に、当該企業にその理由を伝えているかどうかを明示してください。

22.3. 補足情報。[任意]