We’re a long-standing believer in shareholder activism.
We’ve long been a champion of active shareholder involvement on a number of levels, from directly engaging company management to challenging take-over bids. We also engage other market participants and shareholders, even in cases where we may not necessarily hold the stocks in question. In some instances, we have engaged the exchanges and regulators directly, mostly on issues of minority shareholder protection. We have integrated environmental, social and governance (ESG) factors into our fundamental investment process for many years, since we believe in holistic, fundamental, forward-looking analysis. We recognise that these issues carry risks that can have a material impact on long-term investment outcomes.
We are a signatory to the United Nations Principles for Responsible Investment (UNPRI) and subscribe to the principles of the Code for Responsible Investing in South Africa (CRISA). In fact, we actively participated in drafting CRISA.
Our investment process and practices incorporate the five CRISA principles. These include ESG factors, proxy voting disclosure, and communicating with clients on our policies. We also look to collaborate within the industry where possible.
Regarding proxy voting, we vote on all corporate resolutions on behalf of our clients, unless our clients instruct otherwise. We vote according to our strict proxy voting policy, or according to the client’s recommendation for the client’s specific shareholding. We disclose our voting record quarterly to our segregated clients.
VIEW OUR LATEST PROXY VOTING RECORDS BY QUARTER:
- Q4 2022 PROXY VOTING RECORD
- Q1 2023 PROXY VOTING RECORD
- Q2 2023 PROXY VOTING RECORD
- Q3 2023 PROXY VOTING RECORD
Responsible and sustainable investing is no longer a nice-to-have - it's a necessity. We are pleased to present our inaugural report for our M&G Southern Africa (MGSA) business as aligned with the recommendations set out by the Task Force on Climate-related Financial Disclosures (TCFD).