Corporate Governance
Supporting Decisions that Maximize Shareholder Value
Many of our clients ask us to vote company proxies on their behalf for their portfolios. We take this responsibility very seriously. Our goal in corporate governance matters is simple: to support decisions that will maximize the long-term value of securities we hold or may hold in client portfolios.
There are four ways that we can accomplish this:
- Maintain ongoing dialogue with company management
- Vote on matters that come to shareholders for action
- Buy or sell the company's securities if governance matters persist
- Work with other market participants to encourage better transparency and governance responsibility
Our Corporate Governance Committee represents diverse investment views and supports the firm's investors that make voting decisions for client portfolios. Ultimately, however, each vote must reflect the specific situation at stake — and these vary broadly. Therefore, portfolio managers and analysts have discretion to vote proxies in the best interests of each client portfolio they manage.
We exist for our clients and are driven by their needs.
—Wellington Management Goals, Strategy and Culture Statement