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.