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As shareholders in public corporations, it is our
responsibility to voice our opinions on corporate governance matters through a
process called "proxy voting." This process allows shareholders to vote
on various issues ranging from the election of a company's board of directors to
management compensation plans.
Proxy voting is a responsibility we take seriously. We have established policies and procedures to guide our actions. See
our Proxy Voting Policy (pdf) for more detail.
We approach the voting process with the sole goal of determining whether we believe the resolutions proposed
will maximize long-term, per-share value. Since a critical part of our
investment process is gauging
whether management acts in the interest of long-term shareholders, you should
not be surprised to find that our voting record is typically for management's
recommendations. You shouldn't interpret this to mean that we don't care about
corporate governance. Instead, we believe it is a confirmation that our process
of investing with shareholder-aligned management is working.
Click here to access Oakmark's proxy voting information.
It is necessary to have the Adobe Acrobat Reader for viewing PDF
files.
Click here to download and for installation
instructions.
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