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Northern Ireland Local Government Officers' Superannuation Committee

PRI reporting framework 2018

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

Process

LEA 16. Typical approach to (proxy) voting decisions

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

Approach

Based on

16.2. 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).

 

NILGOSC will vote in accordance with its voting policy while taking into consideration company explanations for deviation from best practice, as well as recommendations provided by Manifest where appropriate. Recommendations and advice from other sources, such as investment managers, may also be considered.

Where a decision is made to accept a company's explanation for non-compliance, the reason for the decision is noted and will be reviewed again before the Company's next meeting.

 

16.3. Additional information.[Optional]

NILGOSC has appointed a specialist corporate governance partner, Manifest, to coordinate its corporate governance and voting activities. NILGOSC avails of Manifest’s corporate governance research service, which provides detailed information and financial analysis for each of its actively managed UK and global equity holdings. This information is used by the Investment Officer at NILGOSC to make informed voting decisions at each investee company based on NILGOSC’s own voting policies.


LEA 17. Percentage of voting recommendations reviewed (Not Applicable)


LEA 18. Confirmation of votes (Not Completed)


LEA 19. Securities lending programme (Private)


LEA 20. 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.

20.1. Indicate whether you or the service providers acting on your behalf raise any concerns with companies ahead of voting

20.2. 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.

20.3. Additional information. [Optional]

NILGOSC is keen to improve its engagement with companies and, where practical, a letter is sent to those companies where NILGOSC has not voted in accordance with management recommendations, providing a brief explanation for the voting decisions. It is hoped that by providing this explanation, the flow of information between companies and their shareholders can be improved. Currently, this policy applies to UK and European listed company AGMs only.


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