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.