Provide a brief overview of your organization’s approach to (proxy) voting.
The global proxy research and voting services of ISS are employed to help analyze and vote proxies on behalf of our clients. ISS prepares the voting recommendations for all items for which we are entitled to vote. We review these recommendations to ensure that they correctly reflect our position and make changes where appropriate. Unusual proposals are identified and reviewed in greater detail by the portfolio manager with direct responsibility for that investment within the context of our proxy voting guidelines. The rationale for changes in voting recommendations is documented by the portfolio manager.