Proxy voting

We exercise our vote on all proxy resolutions at all investor meetings for investments that we directly hold on behalf of our clients unless, in exceptional circumstances, we believe it is in best interests of the client to abstain from voting. Our voting decisions are informed by a range of factors, with the key guiding principle being the best interests of our clients as investors.

More information on our approach, and the governance principles we seek to uphold, is available in our Proxy Voting Policy.

Proxy voting outcomes

The tables below show how we have exercised our vote for listed shares for the 12 months to 30 June 2023.

Maple-Brown Abbott Asian Investment Trust

The data reflects where we have voted for or against management recommendations. Of the 102 ‘against’ votes, 42% related to capital structuring, 31% related to the election of a director and the remainder related to other governance matters.

Maple-Brown Abbott Australian Equity Trust

The data reflects where we have voted for or against management recommendations. Of the eight ‘against’ votes, seven related to remuneration and one related to the election of a director.

Maple-Brown Abbott Australian Share Fund

The data reflects where we have voted for or against management recommendations. All of the seven ‘against’ votes were related to remuneration.

Maple-Brown Abbott Australian Small Companies Fund

The data reflects where we have voted for or against management recommendations. Of the 45 ‘against’ votes, 51% related to the election of a director, 38% related to remuneration and the remainder related to other governance matters.

Maple-Brown Abbott Australian Sustainable Future Fund

The data reflects where we have voted for or against management recommendations. Of the nine ‘against’ votes, seven related to remuneration, one related to the election of a director and one related to other governance matters.

Maple-Brown Abbott Australian Value Opportunites Fund

The data reflects where we have voted for or against management recommendations. All off the eight ‘against’ votes were related to remuneration.

Maple-Brown Abbott Global Emerging Markets Equity Fund

The data reflects where we have voted for or against management recommendations. Of the 69 ‘against’ votes, 39% related to the election of a director, 13% related to capital structuring, 6% related to remuneration and the remainder related to other governance matters. We abstained from casting votes where there was insufficient information on which to make an informed view.

Maple-Brown Abbott Global Listed Infrastructure Fund

The data reflects where we have voted for or against management recommendations. Of the 51 'against' votes, 29% related to the appointment of a Director, 24% related to executive remuneration, and 57% related to other governance matters including shareholder rights, Board independence and committee appointments.

Maple-Brown Abbott Global Listed Infrastructure Fund – Hedged

The data reflects where we have voted for or against management recommendations. Of the 51 'against' votes, 29% related to the appointment of a Director, 24% related to executive remuneration, and 57% related to other governance matters including shareholder rights, Board independence and committee appointments.