Shareholders of a company have the right to vote on certain aspects of the company's business, such as the election of the company's directors and the appointment of auditors. A proxy is the document that companies send to shareholders to get their voting instructions.
Equity mutual funds and exchange traded funds with an equity component hold shares of companies and are entitled to exercise the voting rights attached to those shares.
RBC Global Asset Management Inc. exercises the voting rights attached to securities held by RBC Funds, PH&N Funds, RBC Private Pools and RBC ETFs.
How does it work?
Shareholders of a company are entitled to exercise the voting rights attached to their shares. A company’s shareholders receive proxy voting ballots, permitting them to vote on matters raised at annual and extraordinary meetings without physical attendance. Company meetings and the corresponding proxy ballots most frequently contain proposals (i.e. matters put forth to a vote) to elect corporate directors, to appoint external auditors and set their compensation, to adopt or amend management compensation plans, and to amend the capitalization of the company.
Proxy voting is a key part of our engagement process as it provides an important way for us to convey our views to boards and management. As an asset manager, RBC GAM has an obligation to act in the best interests of our clients, including segregated client accounts and investment funds. Voting responsibly is part of our fiduciary duty, and we make our voting decisions independently and in accordance with our custom Proxy Voting Guidelines.
Proxy voting guidelines
Through our internal expertise and resources and in consultation with leading independent research firms, we have established the RBC GAM Proxy Voting Guidelines (the “Guidelines”) to govern the exercise of our voting rights. We review and update our Guidelines on an ongoing basis as corporate governance best practices evolve. Our Guidelines are published for the information of our clients and to assist issuers in understanding the rationale behind our proxy votes.
Proxy voting records
Find out how the voting rights were exercised on behalf of the RBC Funds and PH&N Funds that held voting securities here.
Proxy voting resources
You can search by fund name, company name or meeting date. Use the fund search to see a list of companies held by the selected Fund and the meetings at which the Fund exercised its voting rights. Search by company name or ticker to see the issues on which shareholders voted at the meeting and how the Fund voted. Use the meeting date search to see the proxy voting records of all of the Funds which held voting securities, for meetings held during a specific period.