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Genesis Investment Management, LLP

PRI reporting framework 2018

You are in Direct - Listed Equity Active Ownership » Engagement » Overview


LEA 01. Description of approach to engagement

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate whether your organisation has a formal engagement policy.

01.2. Attach or provide a URL to your engagement policy.

01.3. Indicate what your engagement policy covers:

          Our approach to engagement document also covers priorities (alignment of interests with minority shareholders, escalation of concerns and collaborative efforts.

01.4. Provide a brief overview of your organization’s approach to engagement

Genesis views engagement as the purposeful communication with company management on a wide range of matters which have a material impact on long-term shareholder value including strategy, capital structure, performance, risk and corporate governance.  We do not make an investment without engaging with company reporesentatives (usually several times).  In 2017, we conducted over 900 interviews with companies (potential and existing investments, competitors and supply chain entities) to develop our knowledge of individual companies and to allow a comparison with peers and competitors globally, including in developed markets.

01.6. Additional information [optional]

We consider engagement as an integral research tool used to develop our in-depth knowledge of emerging market companies and to assess the quality of management of these companies.  Company engagements are conducted directly by our Investment Team via regular meetings, site visits, calls and correspondence.

LEA 02. Reasoning for interaction on ESG issues

02.1. Indicate the method of engagement, giving reasons for the interaction.

Type of engagement

Reason for interaction

Individual/Internal staff engagements
          To  verify, challenge and interrogate data on a wide range of matters materially  impacting shareholder value - strategy, capital structure, performance risk and corporate governance.
Collaborative engagements
Service provider engagements

Please specify why your organisation does not engage via service providers.

Company engagements are conducted directly by our Investment Team via regular meetings, site visits, calls and correspondence.

02.2. Additional information. [Optional]

We may on limited occasions join with other shareholders and collectively engage with management of a company where this is considered to be the most effective course of action.  Any collective engagement would be undertaken with due regard to the relevant regulatory provisions concerning acting in concert and insider dealing.