The policy applies to all of the corporate governance monitoring and proxy voting activities of Perpetual Investment Management Limited's fundamental active equity managers in respect of companies we invest in. The role of proxy advisors and the Manager, Responsible Investment (ESG professional) in the voting process provides further reference to our voting policy.
While we will actively promote the governance practices in our voting policy through the way in which we vote and our company engagement, we acknowledge that there are instances where one or more of these practices may not be possible during particular stages of a company's development or in certain circumstances e.g. for tightly-held companies. We will always consider a company's corporate governance practices in the context of what is in the best interests of our clients, and have appropriate regard to the company's circumstances.