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.
  • ACSI members 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.

Proxy voting for financial year 2019/20202

Australian voting outcomes Quarter 3 2019 Quarter 4 2019 Quarter 1 2020 Quarter 2 2020 Total
Number of meetings 9 147 14 33 203
Number of resolutions 53 833 70 192 1,148
Votes For 47 711 60 173 991
Votes Against 6 121 10 19 156
Abstentions 0 1 0 0 1
Against votes
(remuneration)3
6.3% 14.3% 0.0% 6.7% 12.6%
Against votes (director)4 0.0% 11.5% 0.0% 6.8% 9.7%

International voting outcomes Quarter 3 2019 Quarter 4 2019 Quarter 1 2020 Quarter 2 2020 Total
Number of meetings 227 171 319 1,544 2,261
Number of resolutions 2,337 1,404 3,158 21,053 27,951
Votes For 1,842 1,137 2,319 17,489 22,787
Votes Against 421 214 657 2,414 3,706
Abstentions 28 29 42 259 358
Against votes
(remuneration)3
14.0% 13.2% 16.2% 12.6% 13.1%
Against votes (director)4 25.6% 17.7% 22.0% 9.9% 12.8%


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.