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157****0450 · 2024年09月29日

单从书上的原文不足以判定B是错的

NO.PZ2024010509000023

问题如下:

Which of the following statements concerning the reporting of engagement activities by fund managers is most accurate?

选项:

A.There is an agreed format for disclosing engagement activities B.Disclosing voting activities satisfies the reporting requirement for engagement activities C.Typical disclosures include a sample of written descriptions of individual engagement meetings

解释:

C is correct. Typical disclosures include a sample of written descriptions of individual engagement meetings. For engagement activities, it is not sufficient to disclose only voting activities; a detailed disclosure of stewardship engagement is also required under the ICGN Model Mandate. There is no agreed format for disclosing engagement activities.


披露voting activities确实是满足了对engagement activities的要求,B选项也没有表示出only或者solely的意思,而且也没有明确表述出不披露detail,单从句意来看它也是一个正确的事实陈述,那么选C而不选B是否有些牵强了呢。

1 个答案

王岑 · 2024年09月29日

嗨,从没放弃的小努力你好:


同学你好,

B选项陈述的是:“披露投票活动满足了对参与活动的报告要求”。虽然B选项没有提到“only”或“solely”,但问题的关键在于它没有涵盖所有的参与活动(engagement activities)。根据ICGN Model Mandate,详细披露管理层与公司互动的过程(stewardship engagement)和投票活动(voting activity)是两个独立的披露内容。因此,虽然披露投票活动是必须的,但它并不能单独满足所有参与活动的报告要求。基金经理还需要详细披露更多的互动过程,这超出了仅仅投票的范围。

ICGN Model Mandate明确要求不仅要披露投票活动,还要披露详细的治理参与活动。因此,只披露投票活动是不够的,B选项不够全面。C选项提到的是“典型的披露包括个别参与会议的书面描述样本”。这符合ICGN对详细披露的要求,即除了投票活动,还需要报告与公司的具体互动情况。C选项涵盖了这一点,因此更为准确。

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