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.
Fairpointe votes all proxies directly, with input from ISS. the firm has an internal proxy voting committtee, which includes our CIO, Director of Research and two Portfolio Managers. The committee reviews all proxy votes and evaluates whether they adhere to our policies. To date, we have not had any exceptions.