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.
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?
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
