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California State Teachers' Retirement System CalSTRS

PRI reporting framework 2018

You are in Direct - Listed Equity Active Ownership » (Proxy) voting and shareholder resolutions » Overview


LEA 15. Voting policy & approach



15.1. 貴社において正式な議決権行使ポリシーを設定しているかどうかを明示してください。

15.2. 議決権行使ポリシーの対象範囲を記載してください。

15.3. 議決権行使ポリシーを添付するか記載されたURLを提示してください [任意]

15.4. Provide a brief overview of your organization’s approach to (proxy) voting.

CalSTRS believes an essential part of managing the portfolio is an attention to good corporate governance. CalSTRS not only sees good corporate governance practices as a way to add value but also to mitigate risk in the portfolio.

Not only is the voting of proxies a fiduciary duty, CalSTRS also believes that the execution of proxies is an important shareholder right and we always seek to exercise the right in a consistent fashion that is in the best interests of the beneficiaries.

It is the intent of CalSTRS to exercise its voting authority in accordance with its financial interests, whenever possible. While logistics or other factors may sometimes interfere with this intent, it is the ultimate goal of CalSTRS to work with the indicated parties to remove the barriers to voting.

The CalSTRS Corporate Governance Principles not only lay the foundation for the System’s proxy voting, but all the activities of the Corporate Governance program, which include corporate engagements and market-wide governance initiatives. CalSTRS principles are based on what we believe are best practices in the marketplace and we conduct corporate engagements in order to move the marketplace towards these best practices.