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de Pury Pictet Turrettini & Cie

PRI reporting framework 2018

Export Public Responses

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


LEA 15. Voting policy & approach

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

15.1. Indicate whether your organisation has a formal voting policy.

15.2. Indicate what your voting policy covers:

15.3. Attach or provide a URL to your voting policy. [Optional]

Attach document

15.4. Provide a brief overview of your organization’s approach to (proxy) voting.

An essential feature of the "Buy & Care" investment strategy is to consider voting and engagement as intimately linked to the portfolio managers’ decision and therefore within their scope of responsibility. Voting and engagement does provide valuable information for the companies and the portfolio managers alike. We believe it is our responsibility to meet the companies we invest in and hence align responsibility with profitability.

All Cadmos funds do systematically exercise their voting rights in the interest of their long term investors. Most items on a general’s meeting agenda have a strong material impact on a company’s long-term prospects and sometimes even on short term results. Critical capital structure decisions (dividend policy, capital transactions, compensation policy, etc.) are voted by the shareholders. The election of board members is also fundamental as experienced, diverse, independent and committed board members develop better long-term strategies. We therefore believe that Cadmos engagement Funds have a financial responsibility to vote.