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Ardevora Asset Management LLP

PRI reporting framework 2020

You are in Direct - Listed Equity Active Ownership » (Proxy) voting and shareholder resolutions

(Proxy) voting and shareholder resolutions

LEA 12. Typical approach to (proxy) voting decisions

12.1. Indicate how you typically make your (proxy) voting decisions.

Approach

Based on

12.2. 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.

To help make sure Ardevora vote client proxies in accordance with this policy and in the best interests of its clients, Ardevora have established a Responsible Investment Committee ("RIC") which, inter alia, is responsible for overseeing the proxy voting process. The RIC meets quarterly and is made up of senior members of staff, including the CEO, Head of Compliance, a representative from Portfolio Management, and an observer from Client Services.

One of the responsibilities of the RIC is to review and approve Ardevora's Proxy Voting policy and associated procedures on a yearly basis. It is usually reviewed during the first quarter of the calendar year before the beginning of the “proxy voting season” and may also be reviewed at other times of the year, as necessary. When reviewing the policy, the RIC will ensure the policy and procedures are designed to allow Ardevora to vote proxies in the best interests of its clients and to maximize the value of the underlying shares being voted on.

Glass Lewis & Co ("Glass Lewis") have been retained by Ardevora as its Proxy Administrator to vote all proxies in line with their proxy voting guidelines, which can be viewed at: www.glasslewis.com/guidelines.

12.3. Additional information.[Optional]


LEA 13. Percentage of voting recommendations reviewed (Not Applicable)


LEA 14. Securities lending programme (Private)


LEA 15. Informing companies of the rationale of abstaining/voting against management

15.1. Indicate the proportion of votes participated in within the reporting year in which where you or the service providers acting on your behalf raised concerns with companies ahead of voting.

15.3. Additional information. [Optional]


LEA 16. Informing companies of the rationale of abstaining/voting against management

16.1. Indicate the proportion of votes where you, and/or the service provider(s) acting on your behalf, communicated the rationale to companies for abstaining or voting against management recommendations. Indicate this as a percentage out of all eligible votes.

16.4. Additional information. [Optional]


LEA 17. Percentage of (proxy) votes cast

17.1. For listed equities in which you or your service provider have the mandate to issue (proxy) voting instructions, indicate the percentage of votes cast during the reporting year.

Votes cast (to the nearest 1%)

100 %

Specify the basis on which this percentage is calculated

17.3. Additional information. [Optional]


LEA 18. Proportion of ballot items that were for/against/abstentions (Private)


LEA 19. Proportion of ballot items that were for/against/abstentions

19.1. Indicate whether your organisation has a formal escalation strategy following unsuccessful voting.

19.3. Additional information. [Optional]


LEA 20. Shareholder resolutions (Private)


LEA 21. Examples of (proxy) voting activities (Private)


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