NO.PZ2022120703000054
问题如下:
A non-profit organization published a report listing companies with a large plastic footprint. A portfolio manager believes the report will impact the valuation of a portfolio company. According to the Investor Forum, which of the following forms of engagement would be the most effective?
选项:
A.Discussing the report with the company during their annual review dialogue
B.Writing a tailored letter to the company requesting additional details about their plastic footprint
C.Participating in a collective engagement in collaboration with other investors to address the report
解释:
Compare to other two ways, collective engagement is the most effective way.
C is correct because a collective engagement is most likely to fulfill all six success factors of effective engagement published by the Investor Forum i.e."SF1 – Objective(s) should be specific and targeted to enable clarity around delivery",
"SF2 – Objectives should be strategic or governance-led, or linked to material strategic and/or governance issues",
"SF3 – The engagement approach should be bespoke (tailored) to the target company",
"SF4 – The participants should have clear leadership with appropriate relationships, skills and knowledge",
"SF5 – The scale of coalition gathered (both scale of shareholding and overall AUM of group) should be meaningful",
"SF6 – The coalition should have a prior relationship and/or cultural awareness of the target company."
A is incorrect because the manager's engagement is an example of a "housekeeping engagement" which is an "annual dialogue to help maintain and enhance a relationship with a company, but with only limited objectives." Housekeeping engagement is somewhat likely to fulfill the Investor Forum success factor of "SF6: Depth of relationship" but not likely to meet the other success factors for effective engagement.
B is incorrect because tailored letter-writing is somewhat likely to fulfill the Investor Forum success factors of "SF1: Clear Objective" and "SF2: Material and strategic" but not likely to meet the other success factors for effective engagement.
如题。a,b为啥不行