As a responsible investor, Generali Group is deeply committed to promoting sustainability in investee issuers through proxy voting and engagement.
Proxy voting is clearly one of the main pillars of investment stewardship activities, with institutional investors increasingly required to act and implement active ownership policies.
Decisions taken at general meetings of investee issuers impact on the long-term strategies of the companies. Voting at general meetings represents both a duty and an opportunity for Generali Investments, as it is a chance to preserve investors’ interests and effectively inform the management regarding companies’ longer-term value creation.
In addition to the exercise of voting rights, Generali Investments envisages the possibility to directly engage with investee companies when there is value in taking action to encourage change. Generali Investments welcomes the collaboration with other investors to leverage the voice of non-controlling investors and influence companies we invest in.
1. Providing voting recommendations
The team performs research & analysis to determine the most suitable voting decision, according to the relevant voting policies/guidelines.
2. Engaging with issuers
The team promotes the principles included in the voting and engagement policies/guidelines, allowing clients to be even more active and responsible shareholders.
3. Casting votes
The team votes either via electronic platforms or physically, on behalf of shareholders.
The team provides, 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 in dealing with the specific features of different jurisdictions.