Stakeholder engagement
Engagement with our members
We are committed to maintaining an open dialogue with our members to raise understanding and awareness of our products, strategy and performance.
We regularly attend industry events to increase the awareness of our business and strategy to the wider dental community and to get a better understanding of our members’ views on the products and services we provide.
We encourage members to participate in the annual general meeting and notice is given at least 30 days in advance of the meeting.
Engagement with the companies we invest in
The Revised Shareholders Rights Directive (SRD II) applies, amongst others, to insurers and imposes certain disclosure requirements on their engagement as investors in EU companies listed on a regulated market to encourage long-term stewardship.
The purpose is for large asset managers to have a policy to integrate shareholder engagement into the investment strategy for the funds they have under management. Such a policy should cover the long-term investment strategy of the asset manager, how it interacts with the other shareholders of the EU companies that it invests in, and how its casts its votes in the general meetings of such investee companies, among others.
We are a small mutual insurer with relatively modest assets under management, mostly in collective investment schemes. The shareholdings that these funds have in listed companies are well diversified and our share of each individual shareholding is insignificant in relation to the shares in issue of the companies that that the funds invest in.
Our investment mandate also permits us to make direct investments in securities. Again, our ability to engage with companies is limited due to the small size our holding.
For these reasons, we are of the opinion that we do not require an engagement policy under the Revised Shareholders Rights Directive.