Voting at company meetings is one of the most important methods by which shareholders can affect governance, communicate preferences and signal confidence or lack of confidence in a company's management and oversight. Addenda Capital takes its responsibility to cast votes in a manner that is consistent with the interests of our clients very seriously.
Our voting process is focused on enhancing long-term shareholder value. Our Sustainable Investing team works with a Portfolio Manager and Glass, Lewis& Co. to cast the votes for the shares of the companies that that Portfolio Manager is responsible for. Addenda Capital began using the services of Glass, Lewis & Co. early in 2013 for proxy voting research and voting recommendations, voting execution and vote reporting. The addition of Glass Lewis complemented our existing process by adding improved access to governance expertise, expanded executive compensation data and enhanced voting execution and reporting services.