Situations that have pushed us in the past to act: OPROs at unfair prices, unfavourable merger parities, unnecessarily dilutive transactions, poorly arbitrated conflicts of interest, etc. More usually, we vote at general meetings in our interests, which implies opposing certain resolutions.
You can find on this page some examples on corporate engagement that we conducted in favour of a better corporate governance. We report annualy on the application of our voting policy in the below document.
Moneta Asset Management's voting policy and annual report on its application
Our expertise in governance has grown over the years. While we always favour dialogue with companies, we have developed reflexes that enable us to react quickly when the situation requires it.
Among the means at our disposal that we have used in the past are :
- oral questions at public meetings,
- private meetings with companies,
- written questions to the Board of Directors or the Supervisory Board,
- active participation in AGMs (written questions to the Board of Directors or Supervisory Board with appendix to the minutes of the AGM, role of scrutineer, proposed resolutions),
- letters and meetings with legal authority (Autorité des Marchés Financiers),
- meetings with independent experts,
- contacts with other shareholders, etc.