Pendal regards corporate governance and the exercise of voting power as an important aspect of investment decision-making. Voting decisions are made on a case-by-case basis by an assessment of the matter at hand and considering the likely effect on the performance on the portfolio or fund. Pendal will not become involved in day-to-day management issues but recognises that it can influence company policy on matters of corporate governance by virtue of shareholdings under our management. In accordance with industry practices, and the IFSA guidelines in particular, Pendal uses that influence for the benefit of its clients.
Our overall approach to active engagement and responsible investing is outlined within Pendal’s Responsible Investment Philosophy Statement.