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CDC - Caisse des dépôts et consignations

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).

Each resolution is formally analysed by in house team in the light of voting guide criteria.

Each potential exception is discussed collegially by the voting committee, has to be motivated, and if necessary (eg no consensus) escalated to board.

16.3. Additional information.[Optional]

In addition,  CDC also uses proxy voting research to complement and compare its own voting
analysis with a third party opinion, notably for countries where governance practices differ most
from Europe.


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 .

          For all AGM, CDC systematically requests a vote confirmation from its proxy voting platform and
from its depositary bank.
In addition, for some AGM and according to specific subjects/resolutions, CDC could decide to
attend the meetings in person and to vote (23 AGM in 2017)
        

18.2. Additional information. [OPTIONAL]

          
        

LEA 19. Securities lending programme

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

19.1. Indicate if your organisation has a securities lending programme.

19.2. Describe why your organisation does not lend securities?

The asset management departments took this decision from an ethical standpoint.

19.4. Additional information.

          
        

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]


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