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 voting policy is used as a checking mechansim and tool for engagement with fund managers. Our fund manager will send us voting intentions ahead of AGMs for a select number of companies and our voting proxy provider will check their decisions against our policy decisions. Where there are key differences we will engage in a dialigue with our fund managers.
Ahead of voting season we share our policy with our managers and discuss key policies and issues that we deem to be important.
We do not use voting receommendations from our proxy voting agent we have our own voting policy that we use to assess our managers voting decisions. We expect our fund managers to have their own documented voting policy and not rely solely on third party recommendations. They provide evidence that they do not.