AIMCo takes an active role in company governance and ESG risk mitigation in assets with majority and significant minority ownerships. AIMCo appoints investment team members as well as external board directors who attend board meetings and vote on key operational items such as annual budgets, business plans, risk mitigation plans, new capital expenditure projects and targets for management incentives. Where possible, AIMCo also sends board observers to attend board meetings and observe the discussions at the board level to effectively monitor and manage the asset.
The AIMCo team reviews board materials (and other information provided to shareholders) from the invested company and organizes calls with AIMCo board representatives to discuss key issues including ESG issues. Board materials usually include routine updates on key ESG ratios and major stakeholder issues.
When a shareholder looks for an exit on its ownerships of an asset, AIMCo initiates communications with the other shareholders where necessary to make the best decisions for its clients.