The proxy voting policy sets out the approach and provides context for QBE in exercising, in relation to listed securities directly held by QBE entities. our:
- responsibilities as a shareholder;
- corporate governance principles; and
- reporting responsibilities
A key principle of these Guidelines is that voting rights should be exercised and proxy votes should be cast in a way designed to ensure that proxies are voted in the best interests of QBE and in line with the ASX Corporate Governance Council's 'Corporate Governance Principles and Recommendations.
QBE uses the services of a proxy voting research service provider. The default position, to ensure votes are cast, is to vote in line with the recommendations of this provider when they are in line with board recommendations. When exceptions to this rule are raised these are flagged and reviewed.
In 2017, QBE listed equities holdings were principally strategic holdings.