Corporate Governance Summary of Proxy Votes – Fiscal Year 2015-16

Corporate Governance Summary of Proxy Votes – Fiscal Year 2015-16

Overview

Corporate Governance Program Team: Anne Sheehan, Director of Corporate Governance; Brian Rice, Portfolio Manager; Aeisha Mastagni, Portfolio Manager; Philip Larrieu, Investment Officer; Ly Van, Investment Officer; Travis Antoniono, Investment Officer; Eric Kwong, Investment Officer; Douglas Chen, Investment Officer; Daniel Bain, Investment Officer; Mary Morris, Investment Officer

General Information

Proxy Voting

During 2015-16, staff voted on 76,995 proxy proposals at 7,932 meetings, submitted on behalf of 7,072 corporations that were held in the Global Equity portfolio. The 76,995 proposals were a 0.6 percent decrease from the 77,461 proposals staff voted in 2014-15 and the 7,932 meetings considered were only slightly more than the 7,923 meetings considered in 2014-15.

General Information

Domestic Proxies

During 2015-16, staff voted on 25,095 proposals at 3,012 meetings held for 2,874 companies in the domestic public equity portfolio. The proposals covered a variety of topics:

  • The election of directors.
  • The ratification of company auditors.
  • The approval of executive and director compensation plans.
  • The approval of mergers and acquisitions.

General Information

Foreign Proxies

During 2015-16, staff voted on 51,900 proposals at 4,920 meetings held for 4,198 companies in our non-domestic equity portfolio. The proposals covered a variety of topics, including:

  • Election of directors.
  • Appointment of company auditors.
  • Ratification of compensation reports.
  • Approval of executive and director compensation plans.
  • Mergers and acquisitions.

Due to the differences in proxies between jurisdictions, we do not have the level of granularity in distinguishing proposals that we have for the United States.