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CBRE Global Investors

PRI reporting framework 2018

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

Process

LEA 16. Typical approach to (proxy) voting decisions

16.1. Indicate how you typically make your (proxy) voting decisions.

Approach

Based on

16.2. Provide an overview of how you ensure your voting policy is adhered to, giving details of your approach when exceptions to the policy are made (if applicable).

The operation of our proxy voting policies and procedures are tested annually by an external auditor as part of a service organization control (SOC) engagement.

16.3. Additional information.[Optional]

CBRE Clarion has established its own proxy voting guidelines based on a template provided by ISS. Proxy voting guidelines are reviewed and approved by designated investment team personnel on an annual basis.  In this context, particular thematic issues are identified. 

Pending votes are monitored through a system maintained by ISS.  When a vote is identified, the ballot is forwarded to the appropriate investment analyst for review, along with any available research or supplemental information.  CBRE Clarion uses research provided by ISS and Glass-Lewis to supplement the efforts of the analyst team.  The analyst makes the voting decision. If the voting decision contravenes the firm's guidelines, the decision must be approved by a designated senior member of the investment team.


LEA 17. Percentage of voting recommendations reviewed (Not Applicable)


LEA 18. Confirmation of votes (Private)


LEA 19. Securities lending programme (Private)


LEA 20. Informing companies of the rationale of abstaining/voting against management

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

20.1. Indicate whether you or the service providers acting on your behalf raise any concerns with companies ahead of voting

20.2. Indicate whether you and/or the service provider(s) acting on your behalf, communicate the rationale to companies, when , you abstain or vote against management recommendations.

20.3. Additional information. [Optional]

The determination whether to communicate with companies before or after voting largely depends on the significance of the issue or the materiality of the company is our clients’ portfolios. 


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