For passively managed equities, votes are cast by NILGOSC’s passive fund manager, according to its own voting policies. The manager reports to NILGOSC on its voting activities on a quarterly basis but does not indicate whether any votes are not cast for any reason.
All active listed equity managers are required to report back quarterly on any engagement activity undertaken. However, the format and content of these reports vary and it has been difficult to provide a reliable estimate of the proportion of companies engaged with. The estimate provided is based on the number of engagements reported by those managers that provide a total figure. The proportion is based on the average number of stocks held by active managers during the year ending 31/03/19. There may be overlap.