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.
It depends on the agreement made with the individual client. For some clients, a proxy voting approach is agreed. In case of proxy voting, the service provider gives a recommendation on voting.
The investment team is in majority of cases involved in the final voting decisions, and if there are any discrepancies between the recommendation of the service provider and the management of the company, the investment team will review and make the final decision.