Liontrust Responsible Capitalism Report 2024 - Flipbook - Page 137
Key definitions are tabled below:
Resolutions/Proposals
Resolutions/Proposals are used interchangeably and refer to all agenda
items presented at either an Annual General Meeting or Special meeting (to
include Court meetings) by both Management and Shareholder proposals.
‘Eligible’ meeting
Where Liontrust portfolios hold voteable shares in underlying publicly listed
companies, Liontrust are eligible to exercise voting rights at shareholder
meetings
For/Against/Abstain/Withhold
For - Refers to a vote instruction in favour of a management or shareholder
proposal, where Liontrust are satisfied with the components of the proposal.
Against - Refers to a vote instruction of a management or shareholder
proposal, where Liontrust are not satisfied with the components of the
proposal.
For/Against/Abstain/Withhold
For – Refers to a vote instruction in favour of a management or shareholder
proposal, where Liontrust are satisfied with the components of the proposal.
Against – Refers to a vote instruction of a management or shareholder
proposal, where Liontrust are not satisfied with the components of the
proposal.
Abstain – Refers to a proposal where Liontrust choose to not exercise their
voting right.
Withhold – Refers to a vote instruction of a management or shareholder
proposal, where Liontrust are not satisfied with the components of the
proposal – only relevant where there is not a voting option for an ‘Against’
vote
ISS Proxy Analysis & Benchmark Policy Voting Recommendations (‘ISS
research’)
ISS research refers to the research report received from ISS outlining its
analysis of each management and/or shareholder proposal of an AGM/
Special meeting.
Liontrust Custom Policy
Liontrust Custom policy refers to the bespoke geographical voting policies
as defined under “relevant jurisdiction” below.
Liontrust Custom Research
Liontrust Custom research refers to the research report received from
ISS, adopting Liontrust Custom policies to each management and/or
shareholder proposal of an AGM/Special meeting.
Relevant jurisdictions
Jurisdictions for the purpose of voting policies will capture the geography/
country of the domiciled country of the underlying publicly listed company.
Liontrust operates four geographical voting policies to include:
• • United Kingdom (FTSE 350) and Ireland (ISEQ20), and United Kingdom
FTSE small cap and AIM
• • Europe excl. United Kingdom & Ireland
• • United States and Canada
• • Rest of the World
Austria, Belgium, Bulgaria, Croatia, the Czech Republic, Cyprus, Denmark, Estonia, the Faroe Islands, Finland, France, Germany, Greece, Greenland,
Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Romania, Spain, Slovakia, Slovenia,
Sweden, and Switzerland.
1
Markets under the Liontrust Custom Rest of the World Policy: Argentina, Australia, Brazil, Cayman Islands, Chile, China, Colombia, Hong Kong, India,
Indonesia, Israel, Japan, Korea, Latin America, Malaysia, Mexico, New Zealand, Peru, Philippines, Russia, Singapore, South Africa, South America, Taiwan,
Thailand.
2
Developing & Emerging markets under the Liontrust Custom Rest of the World Policy: Argentina, Brazil, China, Colombia, India, Indonesia, Korea, Latin America,
Malaysia, Mexico, Peru, Philippines, Russia, South Africa, South America, Taiwan, Thailand
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