Companies' general meetings are generally a good opportunity for the PFA to assert its influence. Voting at companies’ annual general meetings is the most direct and regulatory tool that shareholders possess when it comes to influencing a company’s management team. PFA therefore monitors the management teams of the companies it invests in and uses its voting rights to ensure that companies are on a path of sustainable value creation. In a number of companies, PFA is in constant touch with the management team to ensure this development takes place.
PFA votes at all general meetings of listed companies in Denmark in which PFA invests, and are physically present to participate in selected general meetings. When voting at the annual general meetings of shareholders for international companies, PFA will make a specific assessment of the need to vote and the need to physically participate at the meeting. This is based on an overall assessment of the company's exposure to sustainability risks, the size of PFA's investment and PFA's opportunities for influence.
In connection with voting at general meetings, PFA follows a number of guidelines, which you can read more about in PFA's Guidelines for Active Ownership
