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BNP Paribas Securities Services

Service Providers Framework 2020

You are in Active Ownership Services » Voting

Voting

AOS 11. ESG in voting recommendations

11.1. Describe how ESG factors are taken into consideration in voting recommendations.

          Being a Global Custodian, BNP Paribas Securities Services can not provide any recommendation in voting: we are in charge to inform investors/individual shareholders with voting resolutions in a neutral mode. Through our issuers' services on top of our proxy collector activities for investors, we encourage our clients to adopt solutions that are ESG compliant.
        

11.2. Additional information [OPTIONAL]

          
        

AOS 12. Raising concerns with companies ahead of voting (Private)


AOS 13. Voting against management

13.1. Indicate the proportion of votes where you have communicated the rationale to companies when you, on behalf of your clients, abstain or vote against management proposals.

13.3. Additional information [OPTIONAL]

          Being a Global Custodian, BNP Paribas Securities Services can not provide any recommendation in voting: we are in charge to make informed investors/individual shareholders with voting resolutions in a neutral mode.
We are only processing our clients' voting instructions.
        

AOS 14. Monitoring voting outcomes

14.1. Describe how you monitor voting outcomes.

          Our offer takes into consideration any type of voting: electronic, in situ or via power of attorney (through proxy collector). Thanks to our capabilities we enlarge the scope of voters (depending on the methodology they prefer to vote) and we support shareholders in exercising their voting rights. A certification process is performed all along the votes' casting management so as to ensure final validity of the vote. In this Framework, we are continuously reviewing our processing management thanks to internal and external audits. Associated audits results and recommendations are taken into consideration in order to improve our service delivery.
Next challenges, in the frame of transparency related to voting outcome will be to create additional value by accompanying our clients, both issuers and investors, in the way they will implement associated stewardship policies.We have engaged discussions with our clients (both issuers and investors) to adapt our offer in the frame of the implementation in 2020 of the European Directive "Shareholders Right Directive2" .
        

14.2. Describe how you typically decide what recommendations for next steps to give to clients.

14.3. Additional information [OPTIONAL]


AOS 15. Mechanisms for clients to review voting recommendations

15.1. Indicate whether you have formal mechanisms in place for clients to review your voting recommendations.

15.3. Additional information [OPTIONAL]

BNP Paribas Securities Services does not provide voting recommendations as this is not part of our service offer.


AOS 16. Involvement in projects to improve voting trail and obtaining confirmation

16.1. Describe your involvement in any project to improve the voting trail and/or to obtain vote confirmation for your clients.

In the framework of the European "Shareholders Right Directive2", we have implemented projects in order to be more transparent towards both issuers and investors. Three main projects have been engaged and covered:

1.      Shareholders identification from issuers perspective,

2.      Notification of general meeting to shareholders

3.      Voting trail and confirmations.

16.2. Additional information [OPTIONAL]


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