Proxy voting is a key pillar of stewardship activities for all institutional investors, today increasingly required to act and implement active ownership policies.
As a responsible investor, the Generali Group is deeply committed to promoting sustainability in investee issuers through proxy voting and engagement.
Decisions made at general meetings of investee issuers impact companies’ long-term strategies. Voting at general meetings represents both a duty and an opportunity for Generali Investments, providing a chance to preserve investors’ interests and effectively inform the management regarding companies’ long-term value creation.
In addition to exercising voting rights, Generali Investments directly engages investee companies whenever there is value in taking action to encourage change. Generali Investments welcomes collaboration with other investors to leverage the voice of non-controlling investors and influence the companies we choose to invest in.
1. Voting recommendations: the team performs research & analysis to determine the most suitable voting decisions according to the relevant voting policies and/or guidelines.
2. Engaging with issuers: the team promotes the principles included in voting and engagement policies/guidelines, enabling our clients to become even more active and responsible shareholders.
3. Casting votes: the team votes either via electronic platforms or physically, on behalf of shareholders.
4. Reporting: the team provides, both internally and externally, standard and tailor-made reporting (weekly, quarterly and annually).
The 2017 voting season was very intense: our specialized and independent governance analysts examined more than a thousand issuers, while internal proxy specialists managed the complexity of the voting chains internationally, thanks to their ability to deal with specific features in different jurisdictions.