Corporate Governance and Proxy Voting Policy
RCM is a member of the International Corporate Governance Network (ICGN) and the National Association of Pension Funds and abides by these organisations founding principles. These guidelines also take into account international codes of corporate governance from a number of sources including ERISA legislation and Department of Labour recommendations in the US, where appropriate. With regards to proxy voting, in the UK we subscribe to the RREV voting service.
Our policy is also aligned with The Combined Code on the principles of good governance and code of best practice which also embrace the reports of the Cadbury and Green committees. We are also mindful of the reports of the Hampel Committee, and most recently the Higgs Committee.
We believe that there is no single model of good corporate governance. However, there are some common elements that underpin good corporate governance. Our principles build on these common elements are formulated to embrace the different models that exist. As global investors, RCM recognises international variations in corporate culture, accounting standards and requirements, regulatory and physical environments, legal frameworks and voluntary disclosures. To avoid being cumbersome, therefore, RCM has a minimum universal standards but judges each company on a case by case basis for specific issues and looks for them to substantially exceed minimum requirements.
