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.
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Terms and conditions
This Site is intended for professional clients only.
This Site is only intended for professional clients who access it from Luxembourg and is not intended for retail clients or other individuals, nor for U.S. Person pursuant to the U.S. Regulation.
This Site is considered as a marketing communication.
Please, note that this Site is written in English only.
Categories of clients who are considered to be professionals:
Entities which are required to be authorised or regulated to operate in the financial markets. The list below shall be understood as including all authorised entities carrying out the characteristic activities of the entities mentioned: entities authorised by a Member State under a Directive, entities authorised or regulated by a Member State without reference to a Directive, and entities authorised or regulated by a third country:
Other authorised or regulated financial institutions;
Collective investment schemes and management companies of such schemes;
Pension funds and management companies of such funds;
Commodity and commodity derivatives dealers;
Locals: firms which provide investment services and/or perform investment activities consisting exclusively in dealing on own account on markets in financial futures or options or other derivatives and on cash markets for the sole purpose of hedging positions on derivatives markets or which deal for the accounts of other members of those markets or make prices for them and which are guaranteed by clearing members of the same markets, where responsibility for ensuring the performance of contracts entered into by such firms is assumed by clearing members of the same markets;
Other institutional investors;
Large undertakings meeting two of the following size requirements on a company basis:
balance sheet total: EUR 20 000 000
net turnover: EUR 40 000 000
own funds: EUR 2 000 000
National and regional governments, including public bodies that manage public debt at national or regional level, Central Banks, international and supranational institutions such as the World Bank, the IMF, the ECB, the EIB and other similar international organisations.
Other institutional investors whose main activity is to invest in financial instruments, including entities dedicated to the securitisation of assets or other financing transactions
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