As owners of shares in companies, super funds have a responsibility to participate in company voting opportunities. Resolutions are often about matters such as election of Board Directors, executive remunerations and other corporate governance matters. Most of StatewideSuper’s investments are held with external investment managers who vote on behalf of StatewideSuper in accordance with their own policies.
StatewideSuper reviews its investment managers’ voting policies to ensure that they’re in alignment with our own ESG and Proxy Voting Policy and we also receive reports from each investment manager on an annual basis. The table shown below is a summary of the voting conducted by StatewideSuper’s investment managers on its behalf.
|Proxy Voting Activity 2012|
|Voted*||Votes||For||Against||Abstain||Withhold||Other||No vote||Total available|
*The average percentage of the votes cast against those that could be cast across all of StatewideSuper's investment managers.
Where votes are not cast this is typically due to difficulties encountered in voting in emerging markets, share blocking or operational issues.