Shareholder Policy
Gildi's shareholder policy outlines the fund's priorities regarding active participation as a shareholder in the companies covered by the policy. The policy is based on the fund's policy on sustainable and responsible investments and applies in addition to the priorities stated therein.
A significant ownership stake is considered to exist when one of the following conditions is met, provided the market value of the investment exceeds two billion krónur:
- Ownership stake in a company is 5% or greater.
- The fund is among the five largest shareholders of a company.
- Investment in a company amounts to at least 0.5% of the pension fund's total assets.
The fundamental principles of the policy are considered in relation to other investments of the fund, as appropriate in each case.
This shareholder policy applies to the fund's investments in listed companies in which the fund holds a significant ownership stake.
Implementation of Shareholder Policy
Part of Gildi's Shareholder Policy is to publish an overview of how Gildi’s votes are cast at AGMs of registered limited companies and which proposals are made in the name of the Fund. Gildi is the first pension fund in Iceland to publish such information in this way.
Board Member Registration
In recent years, Gildi has requested that individuals who want to apply for Board membership in limited companies with the support of the Fund, register. We are looking for people who meet the general eligibility requirements of the law and other conditions set by the Fund each time.
The selection of Board members that Gildi nominates or wishes to support is always based on a professional process.