Once a year, companies give shareholders a chance to vote ‘in favour ‘or ‘against’ proposals put forward at their Annual General Meeting (AGM).
Funds
If you’re using the Tumelo platform (as a pension member or retail investor), you are not a shareholder of the fund you’re looking at.
Your money is pooled together with other people’s into a fund. This fund is used to buy shares, and the person who manages this fund — the fund manager — takes on the role of ‘shareholder’.
As your money is used to help buy the shares in these companies, you’re an indirect shareholder. This means your voice matters — and you can vote.
Voting
Once you place your vote preference on our platform, it will be sent to the fund manager (who usually holds the legal right to vote). Your fund manager will then vote at companies’ AGMs, taking into account lots of different factors that will affect their investment, including your votes.
The final result is decided based on the votes of all direct shareholders. If the required majority (usually 50% or 75%) of direct shareholders voted ‘in favour’, the vote is considered passed.
You are part of the process, don’t miss out!
