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Panarchy Partners

PRI reporting framework 2020

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

(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.

Proxy voting is an important part of Panarchy Partner’s stewardship and governance as a long-term stakeholder of a company. We perform our voting based on our fiduciary duty to our clients ensuring that our Panvestments create a sustainable future for all. We ensure that all our votes are in adherence to our Panvest Philosophy and framework on the four forms of capital. We also vote to ensure that good governance is maintained at the board level and ensure that boards remain accountable on a wide variety of measures such as diversity, transparency, alignment of interests, compensation structures, financial, social, human and environmental metrics, policies and disclosures.

We carefully consider and review our voting for each of our Panvestments. In general, we look for: 

Board Quality: i) Independence & Diversity, ii) Qualifications and Tenure of each board member, iii) Long-term Compensation Policies and KPIs that include non-financial capital for senior management, and iv) Transparency 

Capital Allocation: i) Decision-making that ensures a long-term high-return on capital, and ii) Avoids negative externalities for stakeholders

Environmental Risks: i) Adequate Consideration, Reporting and Disclosures that ensure the sustainable health and growth of the company and safe-guard the health of the planet.   

Human Capital: i) Policies that support human capital industry specific metrics such as diversity and inclusion, health and wellbeing and safety and treat human capital as an asset rather than expense. 

Social Capital: i) Maintaining and safe-guarding the company’s license to operate and reputation.

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.

15.3. Additional information. [Optional]

We have not been called to any AGM yet as our fund launch was only in April 2019.


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.

16.4. Additional information. [Optional]

We have not been called to any AGM yet as our fund launch was only in April 2019.


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%)

0 %

Specify the basis on which this percentage is calculated

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

We have not attended any AGM yet as our fund has only launched on 01 April 2019, so none of the AGM's have been called yet for any of our investments. As and when they do, we will attend to voting accordingly.

17.3. Additional information. [Optional]

We do track and monitor the voting at AGM's of our investments. However, as the fund was launched on 1 April 2019, the AGM cycle for the year has not been called. Next year onwards, we will be able to report on this indicator.


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. Indicate whether your organisation has a formal escalation strategy following unsuccessful voting.

19.3. Additional information. [Optional]

We have not encountered any unsuccessful voting yet, as the AGM's of our investments have not been called yet. Next year onwards, we will be able to report on this indicator.


LEA 20. Shareholder resolutions (Private)


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


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