Voting is an important mechanism for holding companies to account. In situations where we may abstain or vote against management, the voting decision will be reviewed by the relevant portfolio manager and the final decision will account for Insight’s general position on the issue in question, for the specific details and context of the business, and for Insight’s views on whether and how the voting decision will be interpreted by company management.
Beyond the specific issues covered by our voting template, we generally consider any action that raises accountability for environmental and social activities to be positive for shareholders. For these actions – for example, the “Aiming for A” resolutions on climate change – Insight generally supports resolutions of this type if they are appropriately structured. We do not notify companies in advance of our voting intentions.
Table 1: Specialist equities funds1 – voting on management resolutions in 2016
Table 2: Specialist equities funds – voting on shareholder resolutions in 2016
Our multi-asset holdings can make up a significant percentage of outstanding equity. As shareholder, Insight will vote as part of our fiduciary responsibilities and often discuss with companies the reasons for our voting activity. We vote on these holdings using an existing voting template that considers the best governance practice for smaller corporate issuers.
Table 3: Multi-asset holdings – voting on shareholder resolutions in 2016
CLOSER LOOK AT REMUNERATION
Insight believes executive remuneration must balance long and short-term performance targets. An effective and clear policy, along with an independent remuneration committee, is essential to ensure remuneration is commensurate with performance.
Table 4: Voting on remuneration in 2016
1 These funds are not currently available for US investors.
Please note: These funds are not currently available for US investors.
Insight North America LLC (INA) is a registered investment adviser under the Investment Advisers Act of 1940 and regulated by the US Securities and Exchange Commission. INA is part of “Insight” or “Insight Investment”, the corporate brand for certain asset management companies operated by Insight Investment Management Limited including, among others, Insight Investment Management (Global) Limited, Insight Investment International Limited, Cutwater Asset Management Corp., and Cutwater Investor Services corp. Insight’s assets under management are represented by the value of cash securities and other economic exposures, and are calculated on a gross notional basis. Advisory services referenced herein are available in the US only through INA.
The views herein represent the opinions of Insight and are subject to change based on subsequent developments. They are not intended as investment advice or to predict or depict the performance of any investment. The material contained herein is not intended to provide, and should not be relied on for, investment, accounting or legal tax advice. Further, this material does not constitute a recommendation to buy, sell or hold any security. No offer or solicitation for the sale of any security or financial instrument is made hereby.
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