Eurizon Capital S.A. has adopted and applied the following strategy for the exercise of participation and voting rights attached to the financial instruments held in the managed UCITS in order to ensure that these rights are exercised to the exclusive benefit of the UCITS investors.
The Company normally participates, on behalf of the managed portfolios, in the shareholders’ meetings of selected companies with stocks listed in Borsa Italiana, according to the advantage that such participation would bring to the managed portfolios, as well as for the opportunity to affect decisions regarding the shares with voting rights held by the Company.
The reasons that determine in which shareholders’ meetings the Company should participate are the following:
- participation in all shareholders’ meetings and interaction with the Board of Directors of those companies where the Company holds a significant share capital;
- participation in the shareholders’ meetings that are deemed relevant in order to identify situations of particular interest for the purpose of protecting or supporting the interests of minority shareholders;
- contribution to the election of internal auditors or board members through a vote by slate mechanism, representing minority shareholders;
- participation in those shareholders’ meeting where extraordinary operations are decided upon if, as regards the interests of the managed portfolios, such participation is needed to support or to object to the proposed operation.
Strategy for the exercise of rights attached to the financial instruments of the managed UCITS.