2019 Annual Stewardship Report
Letter from Dimensional’s Governance Committee Chair
We are pleased to share Dimensional’s first Annual Stewardship Report. We developed this report to provide investors with greater transparency regarding our investment stewardship activities and highlight outcomes from our efforts to add value for shareholders. In this report, you will find data and commentary pertaining to our stewardship activities during proxy year 2019.
As you’ll see in more detail in the pages that follow, Dimensional continued to represent shareholder interests by conducting more than 500 portfolio company engagements and voting over 130,000 distinct proposals at over 15,000 meetings globally. We continued to emphasize portfolio company engagements as an effective tool for advocating for shareholder interests, including many discussions on key issues such as board composition, executive compensation, and oversight of material environmental and social risks. We continue to enhance our systematic approach to prioritizing engagements in order to focus our time on discussions we believe can have the greatest impact.
I’m happy to report a strong start to our 2020 stewardship efforts as well. In August 2019, Dimensional wrote letters to over 200 portfolio companies. In these letters, we shared our views on key governance issues and encouraged constructive dialogue. We also reminded company boards of their duty to act in the best interest of shareholders and in a manner that seeks to increase shareholder value.
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Robert J. Pyle, CFP®, CFA is president of Diversified Asset Management, Inc. (DAMI). DAMI is licensed as an investment adviser with the State of Colorado Division of Securities, and its investment advisory representatives are licensed by the State of Colorado. DAMI will only transact business in other states to the extent DAMI has made the requisite notice filings or obtained the necessary licensing in such state. No follow up or individualized responses to persons in other jurisdictions that involve either rendering or attempting to render personalized investment advice for compensation will be made absent compliance with applicable legal requirements, or an applicable exemption or exclusion. It does not constitute investment or tax advice. To contact Robert, call 303-440-2906 or e-mail info@diversifiedassetmanagement.com.
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