The investor has the sole discretion as to which party (e.g. the KVG, portfolio manager, external service provider) is given the power to exercise voting rights.
Quoniam exercises voting rights independently, acting exclusively in the best interests of our investors or the respective mandate. Our organisational setup ensures that all precautions necessary are taken in order to avoid conflicts of interest that may arise during the voting process. Upon the request of the investor, Quoniam exercises regular influence on management and operating policies of public companies via participation in general meetings. Any supportive measures taken will aim to foster long-term value creation within the company.
Our service provider communicates to their external research provider, who in return provides voting analysis and recommendations for every single point of agenda/resolution and for every AGM attended. The voting recommendations are strictly based on the voting policy. However, the final voting decision is made by the sustainability and engagement team, who again adhere to the voting policy. Every exception from the policy must be documented and justified in the internal system. If an exception is made, the explanation for the exception is controlled by a second person. The exceptions need to be discussed with the respective sector research analyst to make the most appropriate decision and to be in compliance with investor's interest.