Corporate Governance Policy & Voting Guidelines

CORPORATE GOVERNANCE POLICY & VOTING GUIDELINES

Members of the Pensions and Lifetime Savings Association have a clear interest in promoting the success of the companies in which they invest. As a consequence of this, we have long considered that one of our prime functions is to support members in engaging with investee companies. Our efforts are directed towards maximising the long-term returns of pension schemes’ assets, irrespective of the potential for short-term discomfort.

The Pensions and Lifetime Savings Association Corporate Governance Policy and Voting Guidelines seek to reflect current market best practice as determined through consultation with its members. The aim of this document is to assist members in: 

  • Promoting the long-term success of the companies in which they invest. 
  • Ensuring that the board and management of these companies are held accountable to shareholders 

Following the ending of the our licensing agreement with ISS in summer 2014 we encourage pension funds to give thought to how they clearly communicate their expectations to their asset managers and proxy advisory firms if they intend that the Voting Guidelines will continue to be explicitly followed by their agents.