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Northern Ireland Local Government Officers' Superannuation Committee

PRI reporting framework 2020

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

(委任状による)議決権行使および株主決議

LEA 12. Typical approach to (proxy) voting decisions

12.1. (委任状による)議決権行使を通常どのように決定しているかを明示して下さい。

アプローチ

以下に基づいて行う

12.2. 合意された議決権ポリシーがどのように遵守されているかを概観し、ポリシーの例外が適用された場合(該当する場合)のアプローチの詳細を示してください。

 

NILGOSC will vote in accordance with its voting policy while taking into consideration company explanations for deviation from best practice, as well as recommendations provided by the service provider where appropriate. Recommendations and advice from other sources, such as investment managers, may also be considered.

Where a decision is made to accept a company's explanation for non-compliance, the reason for the decision is noted and will be reviewed again before the Company's next meeting.

 

12.3. 補足情報[任意]

NILGOSC has appointed a specialist corporate governance partner, Minerva Analytics, to coordinate its corporate governance and voting activities. NILGOSC avails of Minerva's corporate governance research service, which provides detailed information and financial analysis for each of its actively managed UK and global equity holdings. This information is used by the Investment Officer at NILGOSC to make informed voting decisions at each investee company based on NILGOSC’s own voting policies.

For passively managed equities, votes are cast by NILGOSC’s passive fund manager, Legal & General, according to its own voting policies. The manager reports to NILGOSC on its voting activities on a quarterly basis. 
 


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. 報告年度内に関与した議決権行使のうち、貴社、または貴社の代理を務めるサービスプロバイダーが議決権行使に先立って企業に懸念を表明したものの割合を示してください。

15.2. これらの企業に対し、議決権行使に先立って懸念を表明した理由を示してください。

15.3. 補足情報 [任意]

NILGOSC is keen to improve its engagement with companies and, where practical, a letter is sent to those companies where NILGOSC has not voted in accordance with management recommendations, providing a brief explanation for the voting decisions. Where possible, the letter is sent in advance of the meeting being voted on. It is hoped that by providing this explanation, the flow of information between companies and their shareholders can be improved. Currently, this policy applies to UK and European listed company AGMs only in NILGOSC's actively managed equity portfolios. The figures above are based on the number of companies where an engagement letter was sent prior to the AGM date, as a proportion of the total number of meetings voted on during the year ending 31 March 2019. For passively managed equities, votes are cast by NILGOSC's passive fund manager, Legal & General, according to its own voting policies. The manager reports to NILGOSC on its voting activities on a quarterly basis.


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

16.1. 貴社または貴社の代理を務めるサービスプロバイダーが、議決権行使を棄権する場合、または経営陣の提案に反対票を投じる場合に、当該企業にその根拠を伝えた議決権の割合を示してください。これは行使可能な全議決権の中で占める割合とします。

16.2. 貴社が議決権行使を棄権する場合、または経営陣の提案に反対票を投じる場合に、企業にその根拠を伝える理由を示してください。

16.3. 貴社が議決権行使を棄権するまたは経営陣の提案に反対票を投じる根拠を伝える場合、この根拠を公表しているか示してください。

16.4. 補足情報[任意]

NILGOSC is keen to improve its engagement with companies and, where practical, a letter is sent to those companies where NILGOSC has not voted in accordance with management recommendations, providing a brief explanation for the voting decisions. It is hoped that by providing this explanation, the flow of information between companies and their shareholders can be improved. Currently, this policy applies to UK and European listed company AGMs only in NILGOSC's actively managed equity portfolios. The figures above are based on the number of companies where an engagement letter was sent, as a proportion of the total number of meetings voted on during the year ending 31 March 2019. For passively managed equities, votes are cast by NILGOSC's passive fund manager, Legal & General, according to its own voting policies. The manager reports to NILGOSC on its voting activities on a quarterly basis.


LEA 17. Percentage of (proxy) votes cast

17.1. 貴社やサービスプロバイダーが(代理)投票の指示を発行するマンデートを有している上場株式について、報告年度中に行った投票の割合を記載してください。

1%単位の投票率

100 %

この投票率の計算基準を明記してください

17.3. 補足情報[任意]


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. 不首尾に終わった議決権行使後の正式なエスカレーション戦略が貴社にあるか示してください。

19.3. 補足情報 [任意]


LEA 20. Shareholder resolutions (Private)


LEA 21. Examples of (proxy) voting activities (Private)


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