A proxy authorises someone other than the owner of a stock to cast a vote on his or her behalf at the issuing company’s shareholder meeting. Proxies typically are used by shareholders to elect a company’s board of directors, select independent auditors, approve executive compensation, and vote on other management- or shareholder-sponsored proposals.
With responsibility for millions of shares of stocks, Capital Group routinely votes by proxy. Through this process, we aim to promote the long-term financial interests of our shareholders.
Our proxy voting procedures and principles
We view proxies of companies held by the portfolios as significant fund assets — and proxy voting as an integral part of the overall investment process. Our approach to proxy voting can be found in our Proxy Voting Policies, view the procedures and principles for CIL and CIMC.
Our proxy voting results
Links to the most recent proxy voting results for equity securities held in each in Luxembourg Fund and portfolios managed by Capital International Management Company and Capital International Limited for each fiscal year are listed below.
Please note: To view the linked documents below, you’ll need Adobe® Reader®, which you can download for free from Adobe.
*Capital Group has three separate equity divisions: Capital Research and Global Investors; Capital World Investors and Capital International Investors. These divisions have discrete investment research and proxy voting procedures. Where a company is held by more than one division, it is possible that the separate divisions may vote differently on certain proposals put forward by the company as a result of a diversity of opinions among our investment divisions. On these occasions, each division will vote the shares that they are managing, resulting in a split vote.