Stewardship and voting reporting

We acknowledge that, as active managers, M&G needs to be accountable for our actions and demonstrate that we vote in a consistent manner based on our principles.

We believe it’s important to report periodically on our stewardship and voting activities. Much of our engagement with companies is confidential, but we publish case studies of our work with companies on less sensitive issues. We intend to begin publishing our quarterly stewardship report on this website in due course.

What we report

  • We provide transparency on our voting activity on M&G and Proxy Voting; this is updated on a quarterly basis, and we aim to begin publishing our voting rationale in time
  • We report quarterly internally on how we:
    • Discharge our stewardship responsibilities to several internal boards (where internal money is managed)
    • Obtain independent assurance of our stewardship activity and report to clients on stewardship activities on request

What we record

We maintain records of our interactions with companies, and are in the process of implementing a new system for recording general monitoring activities for equity holdings.

We expect to implement this during 2016. The information will include a record of all exchanges with companies; records of specific stewardship activities are currently retained within the Corporate Finance & Stewardship team.

All voting is processed and recorded via an external voting service where a full record of all voting activity is kept, along with voting rationale.

Download our independent assurance of our stewardship activity document.

The value of investments will fluctuate, which will cause fund prices to fall as well as rise and you may not get back the original amount you invested ..

M&G's approach to stewardship

Explore all the ways in which we comply with the UK stewardship code