When we invest in a company, we become a shareholder of that company, which means we have the right to vote on a range of matters.
These can include appointments to the Board of Directors, structural changes to the company, executive pay and compensation, a proposed merger or acquisition, and other issues that might impact the company’s stock performance.
Our asset managers are responsible for voting our shares on our behalf, and we ask them to do so in a way that’s in line with our responsible investment policy.
Royal London Asset Management (RLAM) look after the majority of money we invest for our pension customers, managing just over 90% of our pension assets. They actively engage with the companies they invest in, and vote to promote good governance and company behaviour. More detail can be found in their voting policy.