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Suva

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 have a data provider that informs us systematically of upcoming proxy voting. We make regular controls to verify if all the proxy voting that we are required to do is exercised.

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.

15.2. Indicate the reasons for raising your concerns with these companies ahead of voting.

15.3. Additional information. [Optional]

Our service provider informs the companies about his voting recommendation. The service provider, however, does not cover all of the companies where we vote.

We discuss critical corporate governance topics on a regular basis with certain Swiss companies and inform them about our voting intentions in these discussions. We also explain our voting rationale to other companies if asked to do so by a company as to which an ongoing exchange of views is not yet established.


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.

16.2. Indicate the reasons why your organisation would communicate to companies, the rationale for abstaining or voting against management recommendations.

16.3. In cases where your organisation does communicate the rationale for abstaining or voting against management recommendations, indicate whether this rationale is made public.

16.4. Additional information. [Optional]

See 15.3 (rationale is explained by the service provider, we give our voting rationale on demand)

Our voting decisions for Swiss companies are published on our website. During our interaction with companies it has become clear that they are proactively interested in our voting behaviour. We therefore assume that they will visit our homepage to see how we voted.

https://www.suva.ch/en/the-suva/finanzen-und-immobilien/suvas-investment-strategy


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.

Votes cast (to the nearest 1%)

53 %

Specify the basis on which this percentage is calculated

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

According to our voting policy we only vote listed Swiss equities regularly and we vote on every ballot item.

17.3. Additional information. [Optional]

According to our voting policy we only vote the shares of Swiss companies. For companies outside of Switzerland we vote if our resources are sufficient.


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

18.1. Indicate whether you track the voting instructions that you or your service provider on your behalf have issued.

18.2. Of the voting instructions that you and/or third parties on your behalf have issued, indicate the proportion of ballot items that were:

Voting instructions
Breakdown as percentage of votes cast
For (supporting) management recommendations
86 %
Against (opposing) management recommendations
14 %
Abstentions
0 %
100%

18.3. In cases where your organisation voted against management recommendations, indicate the percentage of companies which you have engaged.

10

18.4. Additional information. [Optional]


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]


LEA 20. Shareholder resolutions (Private)


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


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