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As a large investor we own shares in a wide range of companies. This allows us to vote on various matters and express our view on what a company is doing right, and what it needs to improve. This includes in relation to matters such as board composition (e.g. gender diversity), executive remuneration, and climate.

We can choose to:

  • support a proposal by voting ‘For’
  • reject a proposal by voting ‘Against’
  • not vote on a proposal by ‘Abstaining’

Occasionally there may be a ‘split vote’ where the trustee and an investment manager vote differently on a resolution. ‘No’/ ‘Withheld’ votes generally relate to issues affecting our ability to vote in certain markets, or where not all options in a resolution require a vote.

Our approach

For more information on our proxy voting approach, refer to the relevant policy below.

The following information provides summaries of voting activity undertaken during the period 1 January 2024 to 31 March 2024.

Summary of Voting for Period

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Proxy Voting Details Number of Resolutions % of Total Resolutions
Total Resolutions 4,354  
Resolution Type: Management 4,295 98.6%
Resolution Type: Shareholder 59
1.4%
Total Votes "For" 3,627 83.3%
Total Votes "Against" 600
13.8%
Total Votes "Abstained" 73
1.7%
Total "Split" Votes 36
0.8%
Total "No Votes" / "Withheld" 18
0.4%

 

Remuneration Reports

Remuneration Reports include the specific compensation outcomes for companies where changes require shareholder approval. The table below includes outcomes of votes on Remuneration Reports.
 

Summary of Voting on Remuneration Reports

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Proxy Voting Details Number of Resolutions % of Total Remuneration Resolutions
Total Remuneration Reports 346  
Total Votes "For" 291 84.1%


 

Shareholder Raised Resolutions

Companies typically raise proposals to be resolved through proxy voting. On occasion, shareholders may bring proposals to be voted upon. The table below contains a summary of shareholder proposals. Proposals are company proposals unless specified in the text of the proposal. For example, shareholder proposals will generally include the wording: ‘Please Note That This Resolution Is A Shareholder Proposal’, or ‘To consider a shareholder proposal regarding...’.

 

Summary of Voting on Shareholder Raised Resolutions

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Proxy Voting Details Number of Resolutions % of Total Shareholder Raised Resolutions
Total Resolutions 59  
Total Votes "For" 24 40.7%
Total Votes "Against"
35 59.3%
Total Votes "Abstained" 0 0%
Total Votes "Combination" 0 0%



Voting Summaries

Voting summary for 1 January 2024 to 31 March 2024
Voting summary for 1 October 2023 to 31 December 2023
Voting summary for 1 July 2023 to 30 September 2023
Voting summary for 1 April 2023 to 30 June 2023
Voting summary for 1 January 2023 to 31 March 2023
Voting summary for 1 October 2022 to 31 December 2022
Voting summary for 1 July 2022 to 30 September 2022
Voting summary for 1 April 2022 to 30 June 2022
Voting summary for 1 January 2022 to 31 March 2022
Voting summary for 1 October 2021 to 31 December 2021
Voting summary for 1 July 2021 to 30 September 2021
Voting summary for 1 April 2021 to 30 June 2021
Voting summary for 1 January 2021 to 31 March 2021
Voting summary for 1 October 2020 to 31 December 2020
Voting summary for 1 July 2020 to 30 September 2020

Summary of Voting for Period

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Proxy Voting Details Number of Resolutions % of Total Resolutions
Total Resolutions 2,195  
Resolution Type: Management 2,155 98.2%
Resolution Type: Shareholder 40
1.8%
Total Votes "For" 1,942 88.4%
Total Votes "Against" 235
10.7%
Total Votes "Abstained" 8 0.4%
Total "Split" Votes 0 0%
Total "No Votes" / "Withheld" 10 0.5%



Remuneration Reports

Remuneration Reports include the specific compensation outcomes for companies where changes require shareholder approval. The table below includes outcomes of votes on Remuneration Reports.

Summary of Voting on Remuneration Reports

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Proxy Voting Details Number of Resolutions % of Total Remuneraton Resolutions
Total Remuneration Reports 149  
Total Votes "For" 130 87.2%



Shareholder Raised Resolutions

Companies typically raise proposals to be resolved through proxy voting. On occasion, shareholders may bring proposals to be voted upon. The table below contains a summary of shareholder proposals. Proposals are company proposals unless specified in the text of the proposal. For example, shareholder proposals will generally include the wording: ‘Please Note That This Resolution Is A Shareholder Proposal’, or ‘To consider a shareholder proposal regarding...’.

Summary of Voting on Shareholder Raised Resolutions

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Proxy Voting Details Number of Resolutions % of Total Shareholder Raised Resolutions
Total Resolutions 40  
Total Votes "For" 20 50%
Total Votes "Against"
20 50%
Total Votes "Abstained" 0 0%
Total Votes "Combination" 0 0%



Voting Summaries

Voting summary for 1 January 2024 to 31 March 2024
Voting summary for 1 October 2023 to 31 December 2023
Voting summary for 1 July 2023 to 30 September 2023
Voting summary for 1 April 2023 to 30 June 2023
Voting summary for 1 January 2023 to 31 March 2023
Voting summary for 1 October 2022 to 31 December 2022
Voting summary for 1 July 2022 to 30 September 2022
Voting summary for 1 April 2022 to 30 June 2022
Voting summary for 1 January 2022 to 31 March 2022
Voting summary for 1 October 2021 to 31 December 2021
Voting summary for 1 July 2021 to 30 September 2021
 Voting summary for 1 April 2021 to 30 June 2021
 Voting summary for 1 January 2021 to 31 March 2021
 Voting summary for 1 October 2020 to 31 December 2020
Voting summary for 1 July 2020 to 30 September 2020