Hill Sam proxy voting move
HILL Samuel Asset Management has appointed proxy voting
specialist Manifest to provide corporate governance support for its
pension fund clients.
Manifest will provide corporate governance back-up to the
whole Hill Samuel institutional investment portfolio and will also
deliver proxy poll voting services to segregated fund clients.
The latest move followed a tough competitive selection process and
fulfils a Hill Samuel ambition to beef up internal corporate governance
arrangements.
Hill Samuel director Bob Prance said: "We have been long-term
supporters of the corporate governance concept and the importance of
encouraging informed voting amongst our clients.
"We have undertaken a thorough review and are delighted that we will be
working with Manifest to ensure that our segregated pension fund clients
will know their voting policies are being carried out in the most efficient
way."
Manifest managing director Sarah Wilson said she was delighted
with the appointment and added: "There is no doubt that the issue of "active"'
voting is clearly moving up the corporate agenda.
"Institutions are now responding positively to market developments and
client demands.
"The NAPF's recent UK vote-execution inquiry has been a catalyst for
change. Institutions are now recognising that efficient informed voting is good
business practice."
Professional Pensions
29 July, 1999
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