Proxy Voting
Proxy Voting
It is the policy of RAM to vote in a prudent and diligent manner, based exclusively on our reasonable judgment of what will best serve the interests of our clients. So far as is practicable, we will vote at all of the meetings called by companies which our funds are invested in as it is deemed as promoting good corporate governance. RAM has full discretion over the funds voting rights and these are exercised independently from other entities within the Renaissance Group.
We report on our UCITS Funds’ voting records at each quarterly board meeting held in our Luxembourg office and reporting of our Offshore Funds’ voting records takes place at each semi-annual board meeting with the exception of one Fund where the board meetings take place quarterly. The board meetings for our Offshore Funds normally take place in our Guernsey office.
General Voting Policies
- Clients’ Best Interest. The policy on proxy voting is designed in a way to ensure that proxies are voted in the best interests of investors and to further the economic interests of clients.
- Shareholder Activism. RAM seeks to develop relationships with the management of portfolio companies to encourage transparency and improvement in the treatment of employees, owners and stakeholders. Thus RAM may engage in dialogue with the management of a company with respect to pending proxies.
- Case-by-case Basis. Each vote is ultimately cast on a case-by-case basis, taking into account the relevant facts and circumstances at the time of the vote. RAM may cast proxy votes in favour of management proposals or seek to change the views of management, considering specific issues as they arise on their merits.
- Sources of Information. RAM may conduct research internally and/or use the resources of an independent research consultant. RAM may consider legislative materials, studies of corporate governance and other proxy voting issues, and/or analyses of shareholder and management proposals by a certain sector of companies.
- Disclosure of Vote. RAM does not generally disclose client proxy votes to third parties.
Specific Voting Policies
Takeovers, Contests for Control, Shareholder Proposals, etc are handled on a case by case basis.
