NO.PZ2024021801000074
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).
从题干到选项逐一细讲。谢谢！