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.