Liontrust Responsible Capitalism Report 2024 - Flipbook - Page 116
ECONOMIC ADVANTAGE
Company
James Cropper Plc
Meeting Type
Annual
Date of vote
26/09/2023
Why vote is considered
significant
Withholding support on the reelection of a board member where
more than 5% of the company’s
market capitalisation is held.
Proposal summary
Re-elect Mark Cropper as
Director
Vote instruction:
Abstain
ISS/Custom Policy
Recommendation
Abstain
Voting rationale: The Economic Advantage team abstained on Mark
Cropper’s re-election as his position on the remuneration committee
compromises its independence. The Economic Advantage team
views Board committee independence as extremely important.
MULTI-ASSET
Company
Pantheon Infrastructure Plc
Meeting Type
Annual
Date of vote
30/03/2023
Why vote is considered
significant
Vote against a Board member
Proposal summary
Elect Vagn Sørensen as Director
Vote instruction:
AGAINST
ISS/Custom Policy
Recommendation
AGAINST
116 - Responsible Capitalism Report 2023
Voting rationale: A vote against the election of Vagn Sørensen was
considered prudent as the director was classified as ‘over boarded’
by Liontrust’s proxy advisor, ISS. Sørensen served in various nonexecutive roles at other publicly listed companies; specifically, as
the Chair of two companies, including Pantheon Infrastructure Plc.
This could compromise his ability to commit sufficient time to his role
at Pantheon Infrastructure Plc.