Proxy Voting
Proxy voting is a formal mechanism through which corporations and their shareholders communicate about practices that can affect a company’s long-term sustainability.
The goal of PERA’s proxy voting activities is to exercise shareholder rights to encourage the alignment of corporate interests with long-term investor interests. The objectives of our proxy voting activities are aligned with our fiduciary duty and PERA’s investment objectives as defined in the Statement of Investment Policy. Investment Stewardship staff vote by proxy in accordance with the Proxy Voting Policy set forth by the PERA Board of Trustees and its Investment Committee.
The Board’s Proxy Voting Policy provides guidance for staff on how to vote on matters that come to ballot, such as director elections, auditor ratification, executive compensation, and what kind of disclosures companies make to investors.
Proxy Voting PolicyWatch a short video to learn more: