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KBI Global Investors

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。

We publish on our website details of all votes cast including those (if any) that were cast contrary to our voting policy.  

 

12.3. 補足情報[任意]

While we receive recommendations and research from an external provider, the final decision is ours in all cases.


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]


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。

16.3. 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

99 %

この投票率の計算基準を明記してください

17.2. 一定の株式保有分について議決権を行使しない理由を説明して下さい:

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
90.5 %
経営陣の提案に対する反対票
8.6 %
棄権
0.9 %
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]

While we maintain detailed records of our votes and of our engagement, we have not as yet merged the two sets of records so that we can quantify precisely what percentage of companies, where we voted against management recommendations, that we have engaged with.


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。

19.3. 補足情報 [任意]


LEA 20. Shareholder resolutions

20.1. 貴社が報告年度中に、直接もしくはサービスプロバイダーを介して、ESG株主決議を提出または共同提出したか示してください。

20.7. 補足情報[任意] 


LEA 21. Examples of (proxy) voting activities

21.1. 報告年度に貴社またはサービスプロバイダーが実行した(委任状による)議決権行使の例を提供してください。

ESGトピック
General ESG
意思決定者
目的

To ensure that the board and executive management of the investee company adequately guards against and manages material ESG risks

対象範囲およびプロセス

We informed an Austrian plant engineering company’s corporate governance team that for the 2019 AGM, we would vote against the election of a Supervisory Board Member (incumbent board member) as all board members should be held accountable for poor board and management oversight of ESG risk exposures at the firm (ESG controversies in relation to hydropower controversies in Brazil and Turkey) and also to vote against the discharge of the Management and Supervisory Board for Fiscal 2018. The resolution did not receive majority support from shareholders, and 5% voted against the Management Board discharge, while 2.7% voted against the Supervisory Board discharge. However, we regard the issue as being open and are hopeful that the company will give improved consideration to ESG risks in the future. 

 

 

結果
ESGトピック
Diversity
意思決定者
目的

To increase the investee company's reporting on employment diversity. 

対象範囲およびプロセス

This company does not disclose employment diversity. 

We publicly declared our intention to vote for the shareholder resolution asking the company to prepare a report on employment diversity and to report on diversity policies. We also voted for a report on prison labour in the supply chain. 

The resolution did not receive majority support from shareholders but did receive a good support level, at 33% in favour of a diversity report, and 30% in favour of a report  on prison labour in the supply chain.  We regard the issue as being open and are hopeful that the company will implement such a policy in the relatively near future.

結果
ESGトピック
Political spending / lobbying
意思決定者
目的

As a member of Climate Action 100+, to encourage the investee company to review its membership of industry associations that were involved  in lobbying inconsistent with the goals of the Paris Agreement.

対象範囲およびプロセス

The large Australian mining company had committed to climate change targets, yet was a member of industry associations that were involved  in lobbying inconsistent with the goals of the Paris Agreement.

We publicly declared our intention to support the shareholder resolution to approve the suspension of the company's memberships of such industry associations and we also reccomended that our clients recalled stock out on loan in order to support the resolution. 

We were pleased that this proposal received strong support (22% supported, and almost 8% abstained) from shareholders, increasing pressure on the company. We regard the issue as being open and are hopeful that the company will review their membership in such trade associations. 

結果

21.2. 補足情報[任意]


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