Impax uses a third-party voting platform to implement our custom voting policies and to facilitate our vote execution, reporting and record-keeping. Impax’s proxy voting principles and guidelines are informed by country governance codes and best practices, advisory governance research, and internal research. We apply our voting principles and guidelines with full consideration to a company’s circumstances, following analysis by the Impax investment team.
The Pax World Funds voting policies are clearly articulated in their Proxy Voting Guidelines. Pax World Funds’ custom policies are provided to our third-party proxy voting agent, which are uniformly applied across the Funds and recorded on the voting platform.
Through regular monitoring, members of the Impax investment team are responsible for ensuring that our voting policies are implemented consistently and accurately on each ballot and that voting decisions are recorded and executed by the voting deadline. Each year we review our proxy votes, using random sampling, to assure that all votes we were entitled to cast were cast, and cast correctly.