Lobbying Governance
Overall Assessment | Analysis | Score |
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None |
Cohen & Steers Inc. discloses robust processes for proxy voting and stewardship engagement but does not provide any indication of governance over lobbying activities. The evidence shows that “The Proxy Committee is responsible for overseeing the proxy voting process and for establishing and maintaining the Proxy Voting Policy, which is reviewed and updated annually,” and that “Engagements are tracked by our portfolio managers and research analysts using an internal tracking engagement platform” to document objectives and outcomes. The firm further explains that “When an issuer is not addressing its most financially material ESG concerns ... we will take various forms of action to escalate the matter,” including “public disclosure of our concern” and “legal action.” However, we found no evidence of any internal mechanisms, oversight structures, or accountability measures for governing direct or indirect lobbying; the company does not disclose a policy for lobbying alignment, any review or monitoring process for lobbying activities, or a designated individual or committee responsible for overseeing lobbying governance.
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E |