How we voted

During the 2022 AGM season, 22 companies failed to meet our diversity requirements. We voted against 14 companies, abstained on five and supported three.

The outcome

As a result of the application of this policy, we have observed that nine companies that we engaged with and, in some cases, voted against, have subsequently appointed female directors. While we would not claim that our voting stance was the sole reason for this (there is a push across the market for greater board diversity), we believe our commitment to this issue was a contributing factor in several cases: There were a couple of instances where companies explicitly communicated this to us.