If there is an unsuccessful voting the IM will refer to our Stewardship Code and will contact the board and senior management requesting further information or a meeting to discuss the result. We will typically maintain contact with other shareholders and are prepared to act collaboratively where that makes sense to generate change in the interests of our clients.
In certain circumstances, after other avenues of engagement have failed, we will use all available shareholder rights as part of the escalation of our engagement, including but not limited to:
- lodging shareholder resolutions for forthcoming meetings
- calling shareholder meetings
In certain circumstances we may also determine that it is in our client’s interests to exit an investment