Engagement
Engagement is based on the concept of shareholders raising concerns directly with company management and boards in a constructive manner. The Commission believes that sustained and focused dialogue with companies can be an effective way for long-term shareholders to bring about positive change. Hermes Equity Ownership Services (EOS) engages with companies on behalf of the Fund. Engagement activities include:
- Meeting with a company’s executive and non-executive directors;
- Participating in initiatives with other investors; and
- Submitting shareholder resolutions at general meetings.
Some engagements involve one or two meetings over a period of months while others are more complex and entail multiple meetings with different board members over several years. The Fund publishes a detailed summary of Hermes’ ongoing engagements on its website every quarter.
