Voting Policy 2024

This year's updates include the following:

• New lines on how we will sanction companies that consistently pay their suppliers late, or not at all.
• Strengthening our approach to unequal voting rights, looking to vote against 'dual-class enabling' company directors.
• An extended approach to risk disclosure, including new expectations on the Just Transition and use of the IFRS Foundation S1 and S2 disclosure standards on sustainability and climate as a minimum.
• Additional clarity on executive pay, emphasising that 'long term' should be genuinely long term and the importance of engaging with the wider workforce.