Engagement process phases

Phase 1: Decide on which companies to engagePhase 2: Determine objectives and strategyPhase 3: Establish contactPhase 4:Dialoguephase 5: ResultsRobeco's engagement process consists of five phases

The decision to exit or to enter a next phase in this process is a continuous process of consideration. This decision is influenced by the expected effected on shareholder value, return for shareholders, costs, efforts and reputation risks and chances of success.

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