(a)Fund managers/research analysts and the dedicated proxy voting team hold dialogue with investee companies.
(b)At the Engagement Committee, dialogue with investee companies is shared and reviewed within the firm, and engagement policy for the next term is decided.
(c)Voting decisions are authorized by the Managing Director of the Trust Assets Business Unit. Dialogue with companies is also taken into consideration when making voting decisions on specific proposals.
(d)Compliance division monitors stewardship activities.
(e)The monitoring result is verified by the Stewardship Committee, an independent committee, and reported to the board. The Committee advises improvements to the board if necessary. The Committee is comprised of an independent outside director as a chairman, an outside expert and the Managing Director in charge of compliance.
(f)Strict internal rules such as restrictions for information exchange and personnel transfers are implemented to ensure that the asset management business is not influenced from outside divisions.