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Position paper on proxy access

13 March 2015

We have published our position and evaluation on proxy access in US listed companies. This will form a basis for our voting.

We want to contribute to the development of shareholder democracy in US companies and have therefore worked with the Securities and Exchange Commission (SEC) and companies to provide shareholders a reasonable right to propose board candidates.

We support proxy access rights at US listed companies when applied with reasonable thresholds that enable shareholders to utilise the rights effectively. This means that we will support shareholder proposals on proxy access as long as they do not have ownership requirements that are stricter than the proposal put forward by SEC in 2010.

This year we will use our vote to support several shareholder proposals on proxy access rights in US companies.

Download the position paper (PDF)