Eastspring Investments: Responsible Investment Report 2022
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Proxy voting An active and informed voting policy is an integral part of our direct equity investment philosophy and forms a core part of our approach to active ownership. As a starting point to this policy, we are supportive of the boards and management of the companies in which we invest. However, when companies consistently fail to achieve our reasonable expectations, we will consider actively promoting changes via proxy voting. By exercising our votes, we seek both to add value and to protect our clients’ interests as shareholders.
3 year overview
Total number of votable items
25,170
2020
40,079
2021
42,823
2022
Percentage of Items voted
Principles-based approach
99.6%
2020
Eastspring Investments follows a principles- based approach, where all votes we exercise are considered in the context of the guidelines set out below. We consider the issues, meet with company leadership if necessary and applicable to the investment strategy, and vote accordingly. Where possible, we would seek to discuss any contentious resolutions with investee companies before casting our votes to ensure that our objectives are understood and that our votes are cast in the best interests of our clients. We may decide to not vote proxies or abstain from voting in limited circumstances where the costs are prohibitive or would not serve our clients’ interests.
97.4%
2021
97.7%
2022
Number of votes with management
90.3%
2020
90.7%
2021
89.3%
2022
Number of votes against management
9.7%
2020
9.3%
2021
10.7%
2022
Source: Eastspring Investments (Singapore) Limited’s proxy voting record for calendar years 2020 – 2022.
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