AMP Capital is at the forefront of corporate governance initiatives. Recognising that we can influence company policy on matters of corporate governance by virtue of the shareholdings under our management, we lodge considered proxy votes on all resolutions and engage with companies on specific matters.
Issues discussed typically include board composition & independence, remuneration, corporate accountability structures, compliance, negligence, bribery & corruption, conflicts of interest, related-party transactions, shareholder rights, accounting, and audit quality, as well as a wide range of broader ESG topics.
This is done in the interests of driving better long-term outcomes for our clients.
Our Corporate Governance Credentials
To assist our clients in achieving the returns on their investments that they expect, we seek high standards of transparency, corporate governance and social responsibility from the companies in which we invest. This involves monitoring and entering into dialogue with companies on key aspects of their corporate governance and their relationship with society as a whole.
Recognising that we can influence company policy on matters of corporate governance by virtue of the shareholdings under our management, we lodge considered proxy votes on all resolutions and engage with companies on issues such as executive remuneration, board composition and risk management.
View our Proxy Voting Policy
For us flashing lights appear when companies lack transparency, when boards are not representative of their public shareholders, or when pay structures reward management for actions contrary to shareholder interests. Diligent analysis of these issues can help identify which companies to invest in and which to avoid.
View our regular
Corporate Governance reports
to find out more.
We believe it is our fiduciary duty to exercise voting rights at companies where we hold shares. For more than 20 years we have submitted considered proxy voting instructions on all resolutions where we have the authority to vote. Since 2005 AMP Capital’s Corporate Governance Reports have included a summary of votes cast Each edition contains an explanation of our proxy voting activity and lists the companies where votes were cast against director-election or remuneration-related resolutions.
Proxy voting also needs to be disclosed on a per scheme, per investment, and per resolution basis under Financial Services Council requirements* as shown below.
* FSC Standard No.13: voting policy, voting record, and disclosure
Most recent vote disclosures:
We have dedicated internal resources that deal with the analysis and execution of proxy voting. As a pioneer of shareholder engagement and proxy voting in Australia, our proxy analysis benefits from strong corporate access and a comprehensive in-house database. We supplement our internal research by subscribing to proxy advisor research from Ownership Matters, Glass Lewis and ISS. Each proxy advisor is contracted to provide advice on a different region. The nature of advice received, and the extent to which it influences our voting decisions, varies between advisers and regions.
Corporate governance reports
After each proxy season AMP Capital publishes a comprehensive corporate governance report. This report discloses our voting statistics, names companies where resolutions were voted against and presents various topical articles and research on governance.
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