Liontrust engagement and voting report 2021 - Flipbook - Page 21
Voting statistics analysis
In 2021, Liontrust voted at 97.72% (985 of 1008) of votable meetings.
This included 11,026 out of 11,669 (94.49%) votable proposals.
Voting Against and Abstaining/Withholding on Voting
Liontrust voted at least once against management or abstained on
proposals at 57.24% of votable meetings, and 9.87% of votes by
Liontrust funds were cast against proposals, which equates to 1,088
proposals. Liontrust chose to abstain from voting on 553 or 5.02%
of proposals. A further 144 or 1.31% of votes were withheld upon.
Alignment with Management
Vote alignment with management
100%
75%
50%
Votes For
83.87%
Votes Against
9.87%
Votes Abstained on
5.02%
Votes Withheld on
1.31%
Vote
instructions
2021
25%
0%
Votes cast
ISS policy recommendations
With management
Alignment with our proxy adviser, ISS
ISS recommendations aligned with management recommendations
in 91.90% of cases, although Liontrust voted with management in
just 86.21% of cases. Liontrust chose not to vote in line with ISS on
408 resolutions.
Against management
Vote against policy
Just 0.73% of votes went against our designated policy for the particular
fund in question, whether that be ISS policy or Liontrust’s custom policy.
This equates to voting against assigned policy on 80 ballots and
demonstrates the discretion of the fund manager in the voting process.
Vote alignment with policy
100%
Vote alignment with ISS
100%
75%
75%
50%
50%
25%
25%
0%
Votes aligned with policy
Votes Against designated policy
0%
Votes aligned with ISS
Votes Against ISS
Category breakdown
Management proposal categories
Reorganisation
and Mergers
Executive
Compensation
Directors
Related
Antitakeover
Related
Capitalisation
Routine /
Business
0%
25%
% of votes cast with management
50%
75%
100%
% of votes with ISS benchmark policy
Liontrust: Engagement and Voting Report 2021 - 21