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CWC Launches 2014 Global Proxy Review

In this issue:

Report encourages investors to take an active role in proxy voting oversight for global equity portfolios

 
The 2014 Review provides an analysis of 44 key proxy votes that raised environmental, social and governance (ESG) issues at corporations likely to be held in the global equity portfolios of pension funds. In this year’s report, highlights include:
 
  • Key vote analysis suggesting a higher likelihood for shareholders to vote against management in the USA, the UK, Canada and Australia than in Continental Europe and South Africa;
  • A section highlighting challenges related to proxy voting guidelines in line with best practice over ESG issues in pooled funds;
  • The participation of nine countries, including the addition of France as a contributor.
Labour-affiliated organisations and service providers along with pension funds from Australia, Canada, France, the Netherlands, South Africa, Spain, Switzerland, the United Kingdom and the United States of America contributed their ESG-based analysis of key proxy votes. This information can be used to hold fund managers and proxy voting services accountable for the votes cast on behalf of pensioners and investors.

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