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.
We usually vote by proxy using either voting platform “Proxy Edge” or by giving clear voting instructions to custodians. SIL undertake our own analysis of resolutions being considered at AGMs and other shareholder meetings. We vote at every shareholder meeting, regardless of the size of our investment. It is SIL’s policy to vote FOR or AGAINST resolutions and to keep abstentions to a minimum. In doing so we take into consideration actions of investee companies with respect to the UK corporate governance code. SIL reports on each of its engagements to its clients either in writing or in formal meetings. We also publish a quarterly voting summary on our website. The investment management team make decisions for voting on our clients’ shares.