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 2018/2019²

Australian voting outcomes	Quarter 3 2018	Quarter 4 2018	Quarter 1 2019	Quarter 2 2019	Total
Number of meetings	17	174	5	38	234
Number of resolutions	86	909	21	192	1,208
Votes For	78	795	19	174	1,066
Votes Against	8	110	2	18	138
Abstentions	-	4	-	-	4
Against votes (remuneration)3	10.0%	17.1%	-	12.2%	15.5%
Against votes (director)4	14.8%	7.1%	22.2%	3.4%	7.1%

International voting outcomes	Quarter 3 2018	Quarter 4 2018	Quarter 1 2019	Quarter 2 2019	Total
Number of meetings	253	143	162	1,264	1,822
Number of resolutions	2,608	1,146	2,136	17,251	23,141
Votes For	2,038	885	1,671	14,228	18,822
Votes Against	516	197	278	2,132	3,123
Abstentions	6	16	26	34	82
Against votes (remuneration)3	22.5%	16.7%	18.6%	11.9%	14.0%
Against votes (director)4	28.2%	19.3%	12.0%	10.9%	12.9%

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.