The portfolio manager that make the voting decisions is responsible for ensuring that they adhere to our voting policy.
As with our corporate financial analysis, we perform individual analysis of the issues that may arise in connection with the meetings. Many countries have laws and corporate codes governing nomination committees and other committees. In general, we follow the local custom. Where laws and company codes go beyond what we in Sweden are accustomed to, we follow local rules as far as possible, and in markets that are perceived to lack legislation or whose laws and codes fall short of what we are used to, we usually relate our position to international best practice and Swedish corporate codes.
There are six main groups of questions that are common at meetings.
- Board of directors
- Capital structure
- Environmental and social issues
- Other issues
Our specific expectations and policy on each of these areas can be found here: https://www.carnegiefonder.se/en/investment-philosophy/6-shareholder-engagement/6-2-principles-for-voting/