Principal Global Investors has two formal overarching proxy voting policies. One that covers global clients ex-Australia, and one specific to the Australian market. In addition, we have a Taft-Hartley policy specific to Taft-Hartley fund clients, a Japanese policy, and other policy options that clients may subscribe to, based on ISS ESG voting guidelines.
In addition, a UK-based subsidiary of Principal Global Investors has engaged the services of Broadridge’s ProxyEdge, which integrates the vote recommendations provided by Glass Lewis. Glass Lewis’ UK Guidelines integrate such issues as: Board Diversity, Environmental and Social Risk Oversight, Remuneration, Disclosure, and Capital Management.