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What we stand for

Investor Coalition for Equal Votes (ICEV) is committed to ensuring shareholders have a fair and proportionate voice through their voting rights.

“One share, one vote is a bedrock principle of good corporate governance. When a company taps the capital markets to raise money from public investors, those investors should have a right to vote in proportion to the size of their holdings. A single class of common stock with equal voting rights also ensures that the board of directors is accountable to all of the shareholders.”

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The Council of Institutional Investors (CII), ICEV Vice Chair

Our reason for being
We’re here to support better long-term performance in the interests of individual savers and for the capital markets as a whole by promoting fair and proportionate voting rights at companies.

The impact we want to have now 

We leverage our combined knowledge, expertise and experience to challenge the entrenched and material problem of unequal voting rights in an intentional and considered way so that companies operate with a fairer ‘one share, one vote’ structure.

The impact we want to have in the future 

We want to bring about capital structures at companies that ensure shareholders have a fair and proportionate voice through their voting rights, to have a positive impact on long-term financial performance and drive positive outcomes for beneficiaries.
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Join us in our mission to challenge the entrenched and material problem of unequal voting rights

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The ICEV Steering Group is the governing body of ICEV. It is responsible for making strategic decisions regarding, and oversight of, the Coalition’s activities. Asset owner members of ICEV are eligible to apply to join the Steering Group, membership of which is decided by a simple majority of existing ICEV asset owner members. ICEV’s chair is responsible for the overall management of the coalition, which includes leading the assessment of potential engagement targets, fielding ICEV member input, scheduling meetings, initiating discussion during engagements and leading on external communications. ICEV’s vice chair is responsible for ICEV member growth and retention, and for the continuity of scheduled activity in the event of the chair’s absence. ICEV members actively help the chair identify prospective engagement partners as well participate in engagements themselves, should they wish to. ICEV members may abstain from participating in any ICEV letter or engagement for any reason.

‍In line with ICEV’s Antitrust policy, the responsibility lies with each of the individual ICEV members to understand and adhere to all laws and regulations applicable to them. This includes, but is not limited to, relevant antitrust and competition laws. ICEV members explicitly avoid coordinating on company-specific investment decisions, meeting-specific proxy voting decisions or any other business-related decisions. ICEV’s members are responsible for their own investment, voting and business decisions and must always act completely independently to set their own strategies, policies and practices based on their own best interests. ICEV facilitates the exchange of public information, but members must avoid the exchange (including one-way disclosure) of non-public, competitively sensitive information, including with other members and participants in engagements.