Stewardship and voting
Everything we do at Artemis is designed to deliver outstanding investment performance for, and service to, our clients. Our approach to corporate governance and stewardship proceeds from that aim.
When identifying investment opportunities, we seek out responsible companies. By that we mean those with robust and transparent rules, practices and processes through which they are directed and controlled. This is known as ‘corporate governance’.
As investors, it is important that we engage with those companies so that we understand thoroughly, and are able to influence, how they work. This role we term ‘stewardship’.
Artemis is an active investment manager. Developing relationships with the management, boards and other representatives of companies in which we own shares is integral to that. As stock-pickers, we scrutinise performance, strategy, risk and financing, as well as corporate governance, closely. (The exception is our quantitative investment strategies, such as those funds using our ‘SmartGARP’ tool, where detailed financial analysis comes to the fore).
Part of our stewardship activities involves using our voting rights to safeguard our clients’ investments. External research has an input into how we vote, but the final decisions are made by our fund managers.
So we support the principles set out by the Financial Reporting Council (FRC) in The UK Stewardship Code (opens in a new window). Our statement in response is set out in the document ‘Corporate governance and shareholder engagement’. Our voting policy forms part of this, and includes our stance on board and committee composition, executive remuneration, shareholders’ rights and corporate actions.
With effect from 1 April 2015, we are also signatories to the United Nations-supported Principles of Responsible Investment (PRI). This international network of investors is working together to put responsible investment into practice; and to develop a more sustainable global financial system.
If you are an institutional investor interested in collective engagement; or a company with questions about our approach to corporate governance, please contact email@example.com.