Nordea Asset Management aims to create shared value through active ownership activities.
Active ownership is about exercising our formal rights as a shareholder and our informal influence to encourage companies to improve their management systems, their ESG performance or their reporting.
Nordea Asset Management’s funds are large shareholders in many, mainly Swedish and Nordic, companies and for that reason it is important for us to engage as active owners. The goal is to encourage companies to improve the management of risks in order to protect shareholder value and enhance long-term returns.
More specifically, we demonstrate stewardship and active ownership through our representation on nomination committees, through voting on shareholder resolutions and through our engagement activities.
Ensuring long-term returns through Corporate Governance
We believe active corporate governance is important for the long-term development of companies and thus beneficial for shareholders, employees and society.
One of the ways to ensure this is to focus on increasing transparency and openness in contacts between the company and shareholders on issues such as board and committee composition, shareholder rights and executive remuneration.
Corporate Governance is simply an integral part of being a responsible owner, and we strive to make a difference.
Making a difference across boards and borders
In 2014, a new structure was established regarding responsibility for corporate governance matters for all Nordea Asset Management’s funds. It involves us voting and conducting other activities uniformly, regardless of where a fund or company is located.
If it is not possible to physically attend meetings we use proxy voting, which enables us to vote electronically.
In 2014, we participated in around one hundred Nordic Annual General Meetings (AGM), alongside proxy voting in an additional one hundred international companies.
Furthermore, representatives of Nordea Asset Management’s funds are currently members of more than 30 nomination committees. Their responsibilities include evaluating the present board and propose the future composition of the board to the AGM.