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NYS Comptroller

THOMAS P. DiNAPOLI

Corporate Governance


As Trustee of the Common Retirement Fund, Comptroller DiNapoli has the responsibility to protect the interests of the Fund and voice concerns and propose changes that are in the best interest of the companies in which the Fund invests.

The Fund reviews corporate governance practices including how a company is directed, administered and operated, recognizing that firms that adopt good governance practices have greater potential for corporate success and sustainable econonic growth.

With an emphasis on environmental, social and governance (ESG) issues, DiNapoli and the Fund help shape corporate policies and practices in ways that safeguard the Fund’s investments and promote corporate responsibility.

The Fund engages portfolio companies in one or more of the following ways:

  • Opening a dialogue with the company to seek greater transparency or to improve corporate policies and practices;
  • Proposing shareholder resolutions seeking information or a change in company policy that are subject to a vote by fellow shareholders;
  • Voting on shareholder resolutions; and
  • Voting for or against board director nominees.

Our more recent engagements have concentrated on the following issues:


Climate Change

Climate Change

A company should evaluate and adapt its business strategy to meet the impacts of climate change, whether they be environmental (loss of infrastructure and resources) or regulatory (new restrictions on carbon emissions). Learn more

Political Spending

Political Spending

A company should fully disclose its corporate spending for political purposes so its shareholders can determine whether such spending furthers the company’s long-term financial goals. Learn more

Diversity and Non-Discrimination

Diversity and Non-Discrimination

A company should strive for diversity within its leadership and workforce and prevent discrimination based on non-job related criteria. Diversity enables the company to draw on a broad pool of talent and a wide range of viewpoints, backgrounds, skills and experience, all of which can strengthen a company’s competitive position. Learn more


2016 Portfolio Engagements

Our efforts in the past year have resulted in a number of key improvements in corporate behavior, including voluntary disclosure on political spending, commitments to lowering greenhouse gas emissions and inclusion of racial and gender diversity to corporate leadership.

View 2016 Portfolio Engagements



2017 Portfolio Engagements

The Fund engaged portfolio companies by voting for or against board nominees, executive compensation, shareholder resolutions, and other motions, and cast more than 30,000 votes at more than 3,000 companies in the last year.

View Proxy Voting