Aviva Investors - Principles for Responsible Investment
Aviva Investors - Principles for Responsible Investment
Aviva Investors - Principles for Responsible Investment
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Q 33 For listed equity votes that your external manager or service provider casts on your behalf, to what<br />
extent did you monitor that voting decisions were analysed and made in accordance with your (proxy)<br />
voting policy<br />
Please select<br />
"Large", "Moderate", "Small" or "Not at all"<br />
Please select one:<br />
Large<br />
Q 34 How does your listed equity securities lending programme address voting<br />
Please select one:<br />
We recall some securities <strong>for</strong> voting on some ballot items on an adhoc basis<br />
Q 35 To what extent do you and/or your agents review shareholder resolutions put <strong>for</strong>ward by other<br />
shareholders to determine whether or not to support the resolution<br />
Please select<br />
"Large", "Moderate", "Small", "Not at all" or<br />
"We do not vote on shareholder resolutions"<br />
Voting managed internally<br />
Voting managed externally<br />
Moderate<br />
Moderate<br />
Q 36 How many shareholder resolutions related to ESG issues did you file or cofile during 2010 and, of<br />
these, what percentage were:<br />
voted on by shareholders<br />
withdrawn due to changes at and/or negotiations with the company<br />
withdrawn with no changes at the company in 2010<br />
As Lead filer<br />
As Cofiler<br />
Number of ESG shareholder resolutions filed 0 1<br />
Of these:<br />
Of these led<br />
shareholder<br />
resolutions<br />
Of these cofiled<br />
shareholder<br />
resolutions<br />
Voted on % 0 %<br />
Withdrawn due to changes at and/or negotiations<br />
with the company<br />
% 0 %<br />
Withdrawn <strong>for</strong> other reasons, please specify:<br />
The Company rejected our proposals<br />
on technical grounds. We decided not<br />
to pursue this issue via the French<br />
courts.<br />
%<br />
100 %<br />
Total percentage (must be 100%) 0 %<br />
100 %<br />
Please explain why you filed or cofiled any shareholder resolutions related to RI/ESG issues during 2010.<br />
Our reason <strong>for</strong> filing was to seek a resolution to split the roles of CEO and chairman, (both per<strong>for</strong>med by Frederic Oudea) at its<br />
May 2010 AGM, as we were concerned over the concentration of power at the top of the company and the lack of sufficient<br />
checks and balances.<br />
The Company rejected our proposals on technical grounds. Despite the issued share capital threshold being met (to file a<br />
resolution), the Company said it was unable to accept the proposal as its bylaws did not allow shareholders to have a say on<br />
the roles of CEO and chairman. We decided not to pursue this issue via the French courts.<br />
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