In June 2011, Proxinvest set up a Steering Committee whose purpose is to give an advisory opinion on Proxinvest’s governance principles and shareholder voting policy, as well as on the company’s strategic orientations. This committee is committed to ensuring the best work ethics and the best independence of the voting policy.
It is composed of personalities with extensive experience in the field of corporate governance and sitting in a personal capacity.
The Committee examines in the autumn, after discussion with investors, the draft voting policy for the following year before adoption and its presentation to listed companies in December. The Committee’s role is a response to the AMF, ESMA, Eu thoughts about the role of voting advisory firms (see Proxinvest’s response to the Best Practices Principles for Providers of Voting Research and Analysis).