請解釋一下選項C和B

问题如下：

Engagement is:

选项：

A.not meant to address issues relating to a company’s strategy and capital structure.

B.a form of activism where an institution initiates an investment to change a company’s governance policies.

C.the way investors implement their stewardship responsibilities in line with the Principles for Responsible Investment.

解释：

A. Incorrect because given its focus on preserving and enhancing long-term value on behalf of the asset owner, engagement can encompass the full range of issues that affect the long-term value of a business, including: strategy and capital structure.

B. Incorrect because engagement is one aspect of good stewardship. Importantly, activism is typically a specialist form of engagement and stewardship, where an investment institution initiates an investment with the intent of generating investment outperformance through driving change with respect to a company’s governance, capital allocation, or business practices. Therefore, engagement is not a form of activism. Rather, activism is a special form of engagement.

C. Correct because engagement is the way in which investors put into effect their stewardship responsibilities in line with the Principles for Responsible Investment (PRI) Principle 2 (We will be active owners and incorporate environmental, social and governance (ESG) issues into our ownership policies and practices).