Proxy voting forms an important part of QSuper’s broader sustainable investment program. QSuper conducts its proxy voting in-house. Proxy voting research is provided by the Australian Council of Superannuation Investors (ACSI) and CGI Glass Lewis.

  • The corporate governance principles underlying ACSI’s voting advice can be found in ACSI’s Governance Guidelines.
  • QSuper works with ACSI and other ACSI members to update these Guidelines on a regular basis.
  • Voting activity is reported regularly to the Board as part of QSuper’s sustainable investment reporting.
  • Voting activity is disclosed annually on the QSuper website.
  • We maintain a broad watch on corporate governance issues to alert the Trustee to any issues warranting intervention.

Proxy voting for financial year 2017/20182

Australian voting outcomes Quarter 3 2017 Quarter 4 2017 Quarter 1 2018 Quarter 2 2018 Total
Number of meetings 27 338 21 60 446
Number of resolutions 123 1,794 110 309 2,336
Votes For 102 1,450 96 273 1,921
Votes Against 20 342 14 34 410
Abstentions 1 1 - 2 4
Against votes
(remuneration)3
13.3% 22.0% 20.8% 18.9% 21.1%
Against votes (director)4 15.6% 14.6% 2.3% 5.5% 13.0%

International voting outcomes Quarter 3 2017 Quarter 4 2017 Quarter 1 2018 Quarter 2 2018 Total
Number of meetings 296 184 370 2,037 2,887
Number of resolutions 3,288 1,809 3,872 26,727 35,696
Votes For 2,893 1,501 3,192 22,674 30,260
Votes Against 342 204 299 2,872 3,717
Abstentions 1 8 17 106 132
Against votes
(remuneration)3
11.5% 14.4% 14.4% 11.7% 12.2%
Against votes (director)4 8.9% 8.9% 4.1% 10.0% 9.3%


1. We subscribe to ACSI Australian Voting Alert Service.
2. This is the aggregated record of all votes cast on behalf of the Trustee for Australian and International equities over the period.
3. Votes in relation to remuneration reports, share-based remuneration grants and non-executive director remuneration.
4. Votes in relation to Director election.