What is this? Shareholders of a stock generally have the right to cast 1 vote for every share they hold at company meetings. Issues that are voted on include appointing or removing directors and their fees. For us, proxy voting is only carried out for stocks that are part of segregated mandates, not unit trusts. How we vote We place the responsibility of proxy voting in the hands of our external global and domestic investment managers. They are the most well informed and therefore best positioned to vote on the various decisions. The domestic managers often inform us if they are going to vote against the recommendation of a dedicated Proxy Voting Service provider, so that we have the opportunity to provide input. The importance of voting Voting rights are important for shareholders to retain their oversight of Board members and directors, and company policies. It is important that we exercise our voting rights and do so in alignment with our Responsible Investment Policy (embedded
List of excluded investments.
