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Dana Investment Advisors

PRI reporting framework 2018

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You are in Direct - Listed Equity Active Ownership » (Proxy) voting and shareholder resolutions » Outputs and outcomes

Outputs and outcomes

LEA 21. Percentage of (proxy) votes cast

21.1. For listed equities where you and/or your service provider have the mandate to issue (proxy) voting instructions, indicate the percentage of votes cast during the reporting year.

Votes cast (to the nearest 1%)

100 %

Specify the basis on which this percentage is calculated

21.2. Explain your reason(s) for not voting certain holdings

21.3. Additional information. [Optional]


LEA 22. Proportion of ballot items that were for/against/abstentions

22.1. Indicate if you track the voting instructions that you and/or your service provider on your behalf have issued.

22.2. Of the voting instructions that you and/or third parties on your behalf issued, indicate the proportion of ballot items that were:

Voting instructions
Breakdown as percentage of votes cast
For (supporting) management recommendations
84.6 %
Against (opposing) management recommendations
14.60 %
Abstentions
0.8 %
100%

22.3. Describe the actions you take in relation to voting against management recommendations.

          We vote against management in accordance with our proxy voting guidelines.
        

22.4. Additional information. [Optional]


LEA 23. Shareholder resolutions

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

23.1. Indicate if your organisation directly or via a service provider filed or co-filed any ESG shareholder resolutions during the reporting year.

23.2. Indicate the number of ESG shareholder resolutions you filed or co-filed.

9 Total number

23.3. Indicate what percentage of these ESG shareholder resolutions resulted in the following.

Went to vote

89 %
Were withdrawn due to changes at the company and/or negotiations with the company
11 %
Were withdrawn for other reasons
0 %
Were rejected/not acknowledged by the company
0 %
Total 100%

23.4. Of the ESG shareholder resolutions that you filed or co-filed and that were put to vote (i.e. not withdrawn) how many received:

>50%
50-20%
<20%

23.5. Describe the ESG shareholder resolutions that you filed or co-filed and the outcomes achieved.

Lobbying disclosure: Alphabet, AT&T, ExxonMobil

Separate CEO/Chair: AbbVie, Johnson & Johnson (withdrawn after company agreed to compromise), Pfizer

Report on obesity: Dr. Pepper Snapple

Report on the degree to which risks related to public concern over drug-pricing strategies are integrated into compensation incentive policies: Amgen (SEC denied company's no-action request)

Report on policy of not doing business with governments complicit in genocide and/or crimes against humanity: Chevron (SEC considering company's no-action request)

At this time, none of these AGMs have taken place so outcomes are unknown.

23.6. Describe whether your organisation reviews ESG shareholder resolutions filed by other investors.

Dana is a member of ICCR, and learns of filing and co-filing opportunities through the ICCR network.

23.7. Additional information. [Optional]


LEA 24. Examples of (proxy) voting activities

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

24.1. Provide examples of the (proxy) voting activities that your organisation and/or service provider carried out during the reporting year.

ESG Factors
ESG issue
          climate-change risks
        
Conducted by
Objectives

To compel the company to issue an annual report assessing the impact of climate-change risks, incorporating a 2-degree scenario analysis based on the Paris Climate Accord of limiting global temperature to 2 degrees

Scope and Process

We held only one company that had this proposal on the ballot, and voted in favor of it. The proposal passed with a favorable vote of 62%.

Outcomes
ESG Factors
ESG issue
          political lobbying
        
Conducted by
Objectives

To compel companies to disclose lobbying expenditures

Scope and Process

We voted for this proposal on every ballot that included it (at least 9 company ballots). Favorable vote percentages averaged in the mid-30s.

Outcomes
ESG Factors
ESG issue
          executive compensation
        
Conducted by
Objectives

To keep executive compensation at reasonable levels

Scope and Process

We voted against the proposed executive compensation on at least 17 company ballots, deeming the amounts excessive.

Outcomes
ESG Factors
ESG issue
          gender-pay equity
        
Conducted by
Objectives

To compel companies to disclose gender-pay practices and policies

Scope and Process

We voted for this proposal on every ballot that included it (at least 5 company ballots).

Outcomes

24.2. Additional information. [Optional]


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