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Stewardship is a key part of our long-term investment approach.
Our voting and engagement activities are focused on protecting and enhancing value in the companies in which we invest on behalf of our clients.
We expect the directors of the companies in which we invest to provide effective management and to ensure that the company acts in the interests of all shareholders and other stakeholders. We believe each company should:
Apply governance standards that are considered good practice in the market in which they are listed; and
Manage the environmental and social issues associated with their activities in a sustainable and responsible manner.
Engagement – constructive dialogue with company management or board members – is a fundamental part of our stewardship activity. We engage to improve our understanding of companies, to raise our concerns, to encourage good practice, and to understand the extent to which management is delivering sustainable returns to shareholders. We do this with the aim of protecting and enhancing long-term value for our clients.
Our engagement activity is undertaken in a variety of formats including in-person meetings, site visits, letters, phone calls, and attendance at annual general meetings. Our Engagement Policy sets out further details of our approach.
We believe high standards of corporate governance help companies deliver sustainable returns to shareholders. In our dealings with investee companies, and in our voting, we encourage adherence to international and local best practice standards in corporate governance.
Our voting is founded upon our Voting Guidelines, which aim to protect investors’ interests and foster good practice.