We subscribe to the proxy research services provided by Institutional Shareholder Services (“ISS”). The invitations to vote are monitored and exercised by the investment team on a weekly basis. The investment team has the overriding decision on all proposals presented at the meetings. It is worth noting that we always cast our vote.
When we have insufficient information to cast our vote, we will engage with the management of the company to get more insight and make an informed decision.
We always explain and gave feedback to the companies on why we vote against management. We sometimes put ISS in touch with companies for them to provide supportive documents for ISS to change its recomendation.
We maintain records of all proxy voting decisions in a format which will allow the dissemination of this data to relevant customers.