Proxy Voting/Good Corporate Governance

Trustees of public employee retirement systems have a fiduciary responsibility to members and beneficiaries to preserve and protect the assets of the retirement system. As shareholders in various entities, trustees are requested to make decisions via proxy which affect the operations of the organization. Proxy votes are considered an asset of a retirement system because of their potential financial impact. Therefore, trustees must:

• Ensure that proxies votes are being timely filled.
• Votes are made in the best interest of the retirement system