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Nikko AM Australian Equities

PRI reporting framework 2018

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).

All proxy voting recommendations are presented to the investment team. Any exceptions to the voting policy must be agreed with the investment team.

Once the voting recommendations are accepted, a confirmation email is sent to all members of the team and the vote is processed.

16.3. Additional information.[Optional]

The primary decision maker is the analyst who is responsible for covering the stock and managing the engagement with the company.


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


LEA 18. Confirmation of votes

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

18.1. Describe your involvement in any projects to improve the voting trail and/or to obtain vote confirmation .

          We communicate to the company if we have voted against the companies recommendation. We find this improves communication and has led to improvements in corporate behaviour.
        

18.2. Additional information. [OPTIONAL]

          
        

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]

We contact the Board to discuss issues that we have voted against.

We encourage regular contact with Boards where we have holdings. This is successful except in rare cases where corporate governance is especially poor.


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