NILGOSC casted more than 2,800 votes in 2025
Author: LAPF Investments | Published: January 16, 2026
In 2025, NILGOSC exercised its right to vote more than 2,800 times in meetings at the companies it invests in.
All in all, at the most recent peak voting period ending in June 2025, the fund cast 2,840 votes at a total of 212 meetings held by 192 globally listed companies across 19 countries. Of the 2,840 votes cast, more than half of were filed in North America.
It came during the same period the fund began using Pass-through Voting to further expand its stewardship of the fund’s assets – allowing the investment team to indicate a preference on how votes are placed on a proportionate share of the passive shares held in the LGIM pooled funds in which the fund invests.
It also has a bespoke voting policy which sets out its expectations for good corporate governance, including how companies manage their impact on society and the environment.
The fund added: “NILGOSC believes that all resolutions should be reviewed on a case-by-case basis, and supports proposals that are: compatible with its policies; follow good market practice; and are in the best interests of shareholders.
“It is recognised that public sector pension funds tend to have a much higher propensity to oppose management on resolutions when compared to the average shareholder. NILGOSC is no exception, actively expressing concerns over corporate governance issues through voting.
“In total, NILGOSC voted against management recommendations on 43.9% of all resolutions, whereas the average shareholder demonstrated a dissent level of 5.0% over the same period.”
