The Pension Fund exercises its voting rights in accordance with clear criteria approved by the Voting Committee. The exercise of voting rights and the disclosure of voting behavior comply with the legal requirements (Ordinance against excessive compensation with respect to listed stock corporations, OAEC).
The Pension Fund exercises the shareholders' rights associated with equity investments in the interest of the insured based mainly on financial criteria. The exercising of voting rights is currently confined to companies listed in Switzerland.
In relation to routine business, voting rights are exercised in line with the proposals of the Board of Directors. In the case of proposals that could have a major impact on the interests of the insured (mergers, reorganizations, sales of subdivisions, changes in the capital structure or voting rights, etc.), votes are exercised according to the instructions of the Voting Committee.