Corporate governance and stewardship

We believe it is in the best interests of our clients for the companies in which we invest to adopt best practice in corporate governance. This provides a framework in which each company can be managed for the long-term interests of its shareholders.

Mindful of our responsibilities to our clients, we seek to be good, long-term stewards of the investments which we manage on their behalf. Our major responsibility in this regard is to ensure that company boards are functioning well in their role as independent scrutinisers of management. We have developed a robust approach to proxy voting as a fundamental expression of our stewardship responsibilities.

However, stewardship is not limited to this activity. Engagement with companies on governance issues is an important adjunct to voting activities.

Our core stewardship principles

We have developed a core set of guiding principles which apply to our stewardship and governance-related activities: 

Materiality
Principle: We recognise that governance and stewardship risks can be material to the performance and valuation of companies.

Active voting 
Principle: We actively consider proxy votes for client holdings.

Engagement
Principle: Active engagement with companies on governance issues is an important adjunct to voting activities

Transparency
Principle: We report annually on our stewardship activities.

Our full stewardship report for 2018 can be viewed here.

Our stewardship report for 2017 can be viewed here

Our stewardship policy statement for Rathbone Unit Trust Management can be viewed here

We appreciate the need to be transparent about our stewardship activities on behalf of our clients. We report annually on our Stewardship and Engagement Activities.  For more information, please contact Matt Crossman, Stewardship Director.