Proxy Voting

Our Voting rights

As a shareholder in listed companies, our voting rights are one of the tools that we use to exercise ownership rights, hold company management accountable and potentially send a signal on any issues at hand. Contentious issues can arise for resolutions being voted on, and companies can be encouraged to respond if/where strong investor support is not received.

Proxy Voting Policy 

Proxy Voting Record

Key voting themes over Financial Year 2023 focused on:

  • Director elections and re-elections
  • Executive remuneration and other remuneration matters
  • Shareholder requisitioned resolutions (e.g. regarding climate risk management and human rights)
  • Other (i.e. Capital Management, Audit/Financials etc.)

For the 2022-2023 financial year, VFMC voted on 1,230 Australian resolutions and 5,219 international resolutions.

VFMC Australian Proxy Voting Statistics July 2022 – June 2023

The table below provides an overview of voting statistics for the twelve months ended 30 June 2023.

Australia
Type of resolution Total For Against Abstain Take no action
Number of meetings 204        
Number of resolutions voted on 1230 915 165 26 124
Director elections 537 437 54 6 40
Remuneration reports / other remuneration matters 521 365 81 11 64
Shareholder resolutions 24 3 21 0 0
Other 148 110 9 9 20

VFMC International Proxy Voting Statistics July 2022 – June 2023

The table below provides an overview of voting statistics for the twelve months ended 30 June 2023, as voted by CGI Glass Lewis on behalf of VFMC.

International

Global ex AU (inc TNA)

Type of resolution Total For Against Abstain Take no action
Number of meetings 404        
Total number of resolutions voted on 5219 4733 465 20 1
Director elections 3020 2863 150 7 0
Remuneration reports / other remuneration matters 772 656 113 3 0
Shareholder resolutions 266 100 163 3 0
Other 1161 1114 39 7 1

 

Investment Approach
Investment Performance
ESG Approach
Proxy Voting