Proxy voting guidelines
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Proxy voting guidelines

The Robeco proxy voting policy is applied to RobecoSAM funds and relies on the internationally accepted set of principles of the International Corporate Governance Network (ICGN). The ICGN Principles reflect both the Principles of Corporate Governance of the Organization for Economic Co-Operation and Development (OECD) and principles developed by the ICGN itself. Following here are the summarized ICGN principles.

Principle 2: Improve the functioning of Corporate boards

Corporate boards have the task to monitor and guide the management of the company in the best interest of shareholders. In order to fulfill that task, the majority of the board should be independent, have sufficient knowledge of the industry and relevant supervisory skills. Independent board members should have sufficient access to and information about the daily practices within the company.

Principle 3: Improve Corporate culture

Companies should engender a corporate culture which ensures that employees understand their responsibility for appropriate behavior. A company should have a code of ethics and conduct in place. The company should select and train their employees accordingly.

Principle 4: Improve risk management

Companies should have an adequate risk management policy and appropriate risk management systems in place. The board should report which main risks are identified and what policies or other measures have been implemented to minimize these risks.

Principle 5: Improve executive remuneration policy

The executive remuneration policy is one of the instruments to guide, evaluate and reward the behavior and achievements of executives. It is in the interest of a company, its shareholders and other stakeholders to have an appropriate remuneration policy for executives. Companies should be transparent about this remuneration policy, including the height of compensation, its structure and key performance targets. Remuneration policies should be structured in such a way that the interest of executives and shareholders are aligned towards the same end; value creation on the long term. The inclusion of non-financial targets is encouraged. Shareholders should have a say on pay by approving changes in the remuneration policy or via an annual vote on the remuneration report.

Principle 6: Improve audit function

Companies should have robust and efficient audit processes in place. Companies should be transparent how the financial statements have been constructed and if material weaknesses have been detected. In order to ensure auditor independence, companies should be clear on their auditor rotation or tendering procedures. In case of substantial payment of non-audit fees to the auditor, the company should provide sufficient information to ensure shareholders that the auditor can be regarded as independent.

Principle 7: Improve disclosure and transparency

Companies should be transparent and open about its aims its challenges, its achievements and its failures. This includes transparency on the companies sustainability strategy via their sustainability report or integrated report. Companies should timely publish their annual and sustainability report and announce their shareholder meetings.

Principle 8: Improve shareholder rights

Shareholders should have appropriate rights to ensure that boards are accountable for their actions. All shareholders should be treated equally in terms of voting rights, dividend distribution and the allocation of other rights. Shareholders should have a say in major decisions, significant transactions, mergers, and changes in company bylaws. Appropriate means should be available to shareholders to address issues with the company. When the company changes its capital structure shareholder value and shareholder rights should not be negatively effected or diluted.

Disclaimer RobecoSAM

The information contained on these pages is solely intended for Qualified Investors in accordance with the Swiss Collective Investment Schemes Act of 23 June 2006 (“CISA”) domiciled in Switzerland, Professional Clients in accordance with Annex II of the Markets in Financial Instruments Directive II (“MiFID II”) domiciled in Liechtenstein, Austria, Germany, Sweden, UK, France, Netherlands or Italy holding a distributor license or herewith requesting respective information on products and services in their capacity as Professional Clients.
Some funds about which information is shown on these pages fall outside the scope of the Swiss Collective Investment Schemes Act of 26 June 2006 (“CISA”) and therefore do not (need to) have a license from or registration with the Swiss Financial Market Supervisory Authority (FINMA). Some funds about which information is shown on this website may not be available in your domicile country.
To view the Robeco/RobecoSAM products that are registered/available in your country, please go to the respective Fund Selector and select your country of domicile. Neither information nor any opinion expressed on this website constitutes a solicitation, an offer or a recommendation to buy, sell or dispose of any investment, to engage in any other transaction or to provide any investment advice or service. An investment in a Robeco or RobecoSAM product should only be made after reading the related legal documents such as management regulations, prospectuses, annual and semi-annual reports, which can all be obtained free of charge at the Robeco offices in each country where Robeco has a presence.

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