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Grupo Fineco

PRI reporting framework 2020

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(Proxy) voting and shareholder resolutions

LEA 12. Typical approach to (proxy) voting decisions

12.1. Indicate how you typically make your (proxy) voting decisions.

Approach

Based on

12.2. Provide an overview of how you ensure that your agreed-upon voting policy is adhered to, giving details of your approach when exceptions to the policy are made.

We hired Alembeeks to help us with the voting season. We wrote the voting guidelines and we told Alembeeks to include those guidelines in their assessment made to us. People at Alembeeks told us that we have stricter guidelines than the ones they have (for example, with pre-emptive rights) and we are about to have a training session with them in order to improve our guidelines.

12.3. Additional information.[Optional]


LEA 13. Percentage of voting recommendations reviewed (Not Applicable)


LEA 14. Securities lending programme (Private)


LEA 15. Informing companies of the rationale of abstaining/voting against management

15.1. Indicate the proportion of votes participated in within the reporting year in which where you or the service providers acting on your behalf raised concerns with companies ahead of voting.

15.3. Additional information. [Optional]

Even now we have hired Alembeeks, for this first year doing the proxy voting (2020) we will spend time working with Alembeeks to improve our guidelines. Then, in following years, we will make efforts to work with companies and engage with them.


LEA 16. Informing companies of the rationale of abstaining/voting against management

16.1. Indicate the proportion of votes where you, and/or the service provider(s) acting on your behalf, communicated the rationale to companies for abstaining or voting against management recommendations. Indicate this as a percentage out of all eligible votes.

16.4. Additional information. [Optional]

We are aware that we must develop a communication policy with companies where we invest in and decide the areas of improvement we must push for with them. But currently we do not establish relationships with companies directly.


LEA 17. Percentage of (proxy) votes cast

17.1. For listed equities in which you or your service provider have the mandate to issue (proxy) voting instructions, indicate the percentage of votes cast during the reporting year.

17.2. Explain your reason(s) for not voting on certain holdings

With the help of Alembeeks, we will prepare a report where we will track all our votes in order to be able to improve our guidelines, our criteria, and be able to start working on specific areas of interest, such as climate change.

17.3. Additional information. [Optional]


LEA 18. Proportion of ballot items that were for/against/abstentions (Private)


LEA 19. Proportion of ballot items that were for/against/abstentions

19.1. Indicate whether your organisation has a formal escalation strategy following unsuccessful voting.

19.3. Additional information. [Optional]

This is something we will work on during 2020.


LEA 20. Shareholder resolutions (Private)


LEA 21. Examples of (proxy) voting activities (Not Completed)


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