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Gestión de Previsión y Pensiones E.G.F.P

PRI reporting framework 2018

Export Public Responses

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LEA 16. Typical approach to (proxy) voting decisions

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


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).

In line with other practices related to our SRI policy, in this case, we also based our opinion in an expertized service provider. It is important to remark that even votes recommendations comes given by the service provider, we also apply our internal criteria for some Spanish company's AGM, since market practices and regulatory requirements may differ from those applied in other European markets.

We check every day the AGM's coming through the platform of electronic vote and the web site of our recommendation service provide, who send us an email, any time they plubish a new recommendation report. 

In general terms, we follow the policy adopted by ISS for providing us the recommendations.

16.3. Additional information.[Optional]

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

LEA 18. Confirmation of votes (Not Completed)

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]

According to the information provided by our researcher and the data included in their reports, whenever there is a recommendation against the management proposal, a dialogue between them is established to explain the rationale.

Additionally, whenever it is required by a company or the specialized provider hired for this issue, the rationale is always informed from our side.