Which of the following is NOT one of the prioritization decisions that an investor must take in relation to stewardship?

The prioritization decisions related to stewardship in investing involve strategic considerations about how to effectively engage with companies and influence their practices. Focusing on the correct answer, the decision regarding which annual general meeting (AGM) resolutions to vote on is more of a tactical execution of stewardship rather than a prioritization decision.

Prioritizing engagement typically involves assessing which companies to engage with based on their ESG performance or risks, identifying sectors that may have significant ESG challenges, and determining key engagement issues pertinent to individual companies. These decisions require a broader and more strategic view of where an investor can have the greatest impact.

In contrast, choosing how to vote on specific AGM resolutions is generally a matter of implementing those strategic priorities and does not fall under the broad prioritization decisions that guide overall engagement strategy. This is why the voting on AGM resolutions does not fit with the other prioritization decisions that focus on engagement targets, sectors, and issues.