ACTIVE OWNERSHIP
We believe that companies with good corporate governance practices and engaged shareholders are more likely to achieve the superior long-term financial performance that our members need. Strong governance in the companies in which we invest ensures they will manage all of their risks and opportunities appropriately, including those related to environmental and social factors.
By actively engaging with the companies in which we invest and, where appropriate exercising our voting rights, we can have a positive influence. This helps us to enhance long-term investment returns for our beneficiaries.
Stewardship codes
FRC UK Stewardship Code
We were a launch supporter of the new UK Stewardship Code for Investors which is reflected in our Statement of Investment Principles (SIP). We make a public declaration of our own compliance with the Code on our website and encourage our external fund managers to adopt it.
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Compliance Statement May 2018
Japan Stewardship Code
We support the Japanese Stewardship Code’s aim of promoting the sustainable growth of investee companies through investment and dialogue. We believe that this will enhance returns for our beneficiaries. Although the Code is addressed in the first instance to asset managers, we recognise it will only be effective if both investors and asset owners like us apply it.
Compliance Statement May 2018
Voting policies
Voting Records
We are also committed to transparency and on this page you will find information about our voting records.
All Voting records (excluding Japan) since 1 January 2016
We publicly disclose our voting records for all company meetings (except Japanese meetings) that have taken place since 1 January 2016. Disclosure is subject to a waiting period of three months from the end of the month in which the meeting is held so that we can provide transparency without undermining our dialogue with companies. You can find these records on an externally hosted website powered by ISS.