Proxy voting is one of the most important rights available to investors. UTAM's fiduciary duty is to act in the best interest of our client and to manage conflicts of interest, and this applies particularly to the way we vote proxies. Moreover, we expect our third-party investment managers to apply the same standard. To that end, we routinely review the proxy voting practices of our investment managers as part of our Operational Due Diligence reviews.
As a responsible investor and a PRI signatory, UTAM has adopted the ESG-focused Institutional Shareholder Services (ISS) Sustainability Guidelines for proxy voting, which we apply wherever possible.
To effectively address proxy voting in all the ways we may invest, we have provided guidance in our Responsible Investing Policy with respect to segregated account mandates, customized fund investments and commingled fund investments.