Ownership steering

The State Pension Fund monitors the operations of its portfolio companies actively and seeks to pursue its objectives with respect to these companies in accordance with its investment policies. VER’s portfolio managers meet the management of portfolio companies regularly to form an idea of the company’s position and topical issues. In 2019, VER’s portfolio managers participated in approximately 150 corporate meetings, mostly with senior management. Additionally, VER participates in the general meetings of shareholders of the portfolio companies when necessary to exercise its voting rights. In 2019, VER’s representatives participated in 21 annual general meetings of shareholders.