Voting Policy 2026

The 2026 policy reflects Railpen’s four corporate governance focus areas, which are as follows:

1. Corporate culture and purpose
2. Board composition and effectiveness
3. Remuneration and alignment of incentives
4. Shareholder rights, risk and disclosure

The policy outlines Railpen’s perspectives on emerging governance and sustainability risks, such as climate accounting and responsible technology, considered to be most material to the scheme’s portfolio, and its expectations for companies on how to manage them effectively.