This report shows public data only. Is this your organisation? If so, login here to view your full report.

UniSuper Management Pty Limited

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。

Our internal policy and the ACSI voting policy are applied on a case by case basis. Particularly with regard to our internally managed portfolio we are very active and considered in our voting approach (as are our external managers in their voting approach).

In making voting decisions we consider a range of factors which include our own analysis of the issues, as well as corporate governance norms and best practice, ACSI policy position, proxy voting research, commercial considerations, external manager views, peer views, broker research, our dialogue and engagement with the company.  Based on all of these inputs a voting decision is made. It is not the case that exceptions are made to the policy, rather our approach is that each voting decision is treated on its merits.  A number of inputs go in to the voting decisions, it is not a "tick the box" approach - we look at each item holistically and what voting decision would lead to the best outcome for our members. From time to time this will mean that commerical considerations may prevail where a matter of corporate governace is at play. It is not black and white.

12.3. 補足情報[任意]

We apply the ACSI voting guidelines. Since 2009 UniSuper has sat on the committee that reviews those guidelines every 2 years (i.e. UniSuper has been directly involved in the review of the guidelines 4 times).

ACSI’s voting advice covers the ASX300. It is based on a set of Governance Guidelines which were specifically and collaboratively created by ACSI members to represent their interests. The Guidelines are used by management as one input that is used in arriving at forming our own voting recommendations.

As mentioned previously, we do not have a compliance based approach to proxy voting nor do we blindly follow proxy voting advice. Our internal policy and the ACSI voting policy are applied on a case by case basis. Particularly with regard to our internally managed portfolio we are very active and considered in our voting approach (as are our external managers in their voting approach) in regard to companies that we have a detailed working knowlege of, which is developed through our own in house fundamental research.

Globally, we use CGI Glass Lewis to vote our shares, using guidelines specified by ACSI, with input from UniSuper (and other users of this service). 

 


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


LEA 14. Securities lending programme

14.1. 貴社では、セキュリティーズレンディングを設定していますか?

14.3. 貴社の証券貸付プログラムで投票の問題にどのように対処しているか示してください。

14.4. 補足情報 [任意]


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]

When we have pre-AGM meetings either ourselver or our proxy voting advisor will typically raise concerns with the company. 


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]


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

18.1. 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出した議決権行使に係る指示を追跡しているか示してください。

18.2. 貴社または貴社の代理を務める第三者が出した議決権行使に係る指示のうち、各投票項目の占める割合を示してください。

議決権行使に係る指示の対象
投票の内訳(%)
経営陣の提案に対する賛成票
88 %
経営陣の提案に対する反対票
11 %
棄権
1 %
100%

18.3. 貴社が経営陣の提案に対する反対票を投じたケースにおいて、貴社がエンゲージメントを行った企業の占める割合を示してください。

18.4. 補足情報 [任意]

Please see 15.3 for details regarding proxy voting engagement


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。

19.2. 棄権後、または経営陣に反対する票を投じた後に貴社が用いるエスカレーション戦略を示してください。

19.3. 補足情報 [任意]

Where we have voted against a particular resolution, we will reach out to the company to communicate why and how we think the company should approach the issue. Often this engagement is initiated by the company, but where we feel particularly strongly about a resolution, we will express our views directly. 


LEA 20. Shareholder resolutions (Private)


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


Top