How we vote

Why we vote

We believe that voting at shareholder meetings is central to effective stewardship. Where we do not directly manage the companies we invest in, voting provides essential checks and balances on management behaviour and company performance to help secure the value of our investments over time.

Our Voting Principles steer our approach and ensure voting decisions and behaviours are aligned with the best long-term financial interests of our members.

How we use our vote

We use our vote in different ways, depending on the issue at hand. In many cases this involves voting on routine governance matters. In others, it may be a way to express our views or concerns.

• We always act in the best long-term financial interests of our members
• We aim to vote on all resolutions globally where we have authority to do so
• We abstain only in exceptional circumstances
• We support the right of shareholders to submit resolutions

Transparency

We report on how we vote and the results of our engagement activity in our Stewardship Report. We publish a list of our top global equity holdings and we provide our voting records, which you can find below.

We also have a Stewardship and Voting Policy.