The RIA study investigated voting patterns of 25 fund families representing a cross-section of Canada’s mutual fund industry. Three of the fund groups in the study are historically Responsible Investment fund complexes, while the rest cover a broad spectrum of Canadian mutual fund groupings. The survey covers the 2013 proxy season.
The study reviewed proxy ballots on 2,840 resolutions brought forward at S&P/TSX Composite annual shareholder meetings, largely comprised of management resolutions related to director elections, executive compensation (‘say on pay’) and share-based incentive plans, as well as 66 shareholder-sponsored resolutions. The survey also examined ballots related to ‘say on pay’ resolutions at US Russell 3000 company shareholder meetings.