Our approach to proxy voting
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, which are premised on our sole goal of determining whether we believe the resolutions proposed will maximize long-term, per-share value. See our Proxy Voting Policy (pdf) for more detail.
A critical part of our investment process focuses on identifying companies with management teams that act in the interest of long-term shareholders, so it should not be surprising that our proxy votes often follow management's recommendations. Corporate governance is an important consideration at Oakmark, and we believe our proxy voting record is a confirmation of our process of investing with shareholder-aligned managements.
Click here to access Oakmark's proxy voting information.
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