BNY Mellon's Proxy Voting and Governance Committee (PV&GC) provides transparency to the issuer community by releasing a summary publication of the firm's proxy voting guidelines. The Committee members, equity professionals who represent their member firm, vote their clients shares to maximize the value of the investments. The PVGC has established detailed, pre-determined, written voting guidelines for specific types of proposals and matters commonly submitted to shareholders ("PVGC Voting Guidelines").
We leverage these efforts to engage with U.S. and international companies on issues including, boards, governance, compensation, transactions, contested meetings, and shareholder proposals. The PV&GC focuses on three areas that strengthen the alignment between company leadership and shareholders:
- Overall review of corporate governance at the firm.
- Consideration of how the board of directors best represents our underlying shareholder interests.
- The structure and execution of the executive compensation program relative to performance and benchmarked to peers.
Lastly, in reviewing the proxy voting guidelines the committee considers the evolving regulatory environment and investor sentiment in order to ensure that BNY Mellon delivers best practices.