The New York State Common Retirement Fund votes by proxy on each proposal at annual meetings and special meetings of U.S. portfolio companies, as well as selected international companies. In the 2019 proxy season, the Fund cast nearly 30,000 votes at more than 3,000 companies.
Voting at annual meetings is part of the Comptroller’s fiduciary responsibility and is an effective means to communicate with boards of directors and management on ESG issues, increase value, and promote transparency and good governance.
The Fund makes all proxy voting decisions independently, consistent with its Environmental, Social & Governance Principles and Proxy Voting Guidelines, which are updated regularly to address new issues and refine positions based on updated research. To inform the Fund's independent voting decisions, we review a variety of materials and sources, including but not limited to U.S. Securities and Exchange Commission filings, analyst reports, relevant studies and materials from proponents and opponents of shareholder proposals, third-party independent perspectives and studies, and analyses from several corporate governance and ESG service providers.
In 2020, the Fund updated its Environmental, Social & Governance Principles and Proxy Voting Guidelines related to the management of climate change-related risks and opportunities; diversity and inclusion; anti-discrimination and workplace harassment; global labor standards and human rights; poor governance practices of newly public companies; and executive compensation plans.
To contact the Fund's Corporate Governance Program, please email [email protected]
- View 2019 Proxy Votes
- View 2018 Proxy Votes
- View 2017 Proxy Votes
- View 2016 Proxy Votes
- View 2015 Proxy Votes
|Number of Company Meetings||3,246||3,249||3,198||3,273|
|Total Votes Cast||27,935||29,848||27,701||28,322|
|Management Proposals Voted||27,365||29,358||27,204||27,795|
|Shareholder Proposals Voted||570||490||497||527|