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

Acadian Asset Management

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.

Our agent's proxy voting policies have been developed based on their independent, objective analysis of leading corporate governance practices and their support of long-term shareholder value. Acadian may change those policies from time to time if we so choose. Acadian also reserves the right to override vote recommendations under certain circumstances but will only do so if we believe that voting contrary to the proxy voting agent's recommendation is in the best interest of clients. Any overrides will be approved by an officer of Acadian and will be documented with the reasons for voting against the proxy voting agent's recommendation. Acadian will also accept specific written proxy voting instructions from a client and communicate those to our agent to implement when voting proxies involving that client's portfolio. Our agent also offers Social Advisory proxy voting guidelines, and we offer these to our clients as appropriate. Voting reports are made available to us for each client on a monthly basis.

12.3. Additional information.[Optional]

For the clients that ask us to vote for their portfolios, we retain a proxy voting specialist firm to cast votes on our behalf in accordance with policies agreed to with us. Our agent’s proxy voting policies have been developed based on their independent, objective analysis of leading corporate governance practices and their support of long-term shareholder value. Acadian may change those policies from time to time if we so choose. Acadian also reserves the right to override vote recommendations under certain circumstances but will only do so if we believe that voting contrary to the proxy voting agent's recommendation is in the best interest of clients. Any overrides will be approved by an officer of Acadian and will be documented with the reasons for voting against the proxy voting agent's recommendation. Acadian will also accept specific written proxy voting instructions from a client and communicate those to our agent to implement when voting proxies involving that client’s portfolio. Our agent also offers its own set of Social Advisory guidelines if a client desires.


LEA 13. Percentage of voting recommendations reviewed

13.1. Of the voting recommendations that your service provider made in the reporting year, indicate the percentage that was reviewed by your organisation, giving the reasons.

Percentage of voting recommendations your organisation reviewed

Reasons for review

13.2. Additional information. [Optional]


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]


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.

16.3. 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]


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%)

97 %

Specify the basis on which this percentage is calculated

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

Proxy voting not offered

17.3. Additional information. [Optional]


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
88 %
Against (opposing) management recommendations
11 %
Abstentions
1 %
100%

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

50

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 (Not Completed)


Top