To assist us in performing our proxy voting responsibilities, Pictet Asset Management uses the services of third party specialists to provide research and to facilitate the execution of voting decisions at all relevant company meetings worldwide.
Third party specialist(s) are tasked with collecting meeting notices for all holdings and researching the implications of every resolution according to Voting Guidelines defined by Pictet Asset Management. All recommendations are communicated to relevant Investment teams and the Environmental Social Governance ‘ESG’ team.
Pictet Asset Management diverges on a case-by-case basis from third-party voting recommendations in order to act in the best interest of our clients. Such divergences may be initiated by Investment teams or by the ESG team and must be supported by written rationale.
In instances when consensus cannot be reached between the Investments teams and ESG team, the decision is escalated to relevant CIOs and, if necessary, the Head of Investments.