NO.PZ2024021801000098
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:
A. 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. 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.
C. 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.
为什么不能选B?我认为要先B这种温和手段,如果无效,再采用C升级。