We apply the ACSI voting guidelines. Since 2009 UniSuper has sat on the committee that reviews those guidelines every 2 years (i.e. UniSuper has been directly involved in the review of the guidelines 4 times).
ACSI’s voting advice covers the ASX300. It is based on a set of Governance Guidelines which were specifically and collaboratively created by ACSI members to represent their interests. The Guidelines are used by management as one input that is used in arriving at forming our own voting recommendations.
As mentioned previously, we do not have a compliance based approach to proxy voting nor do we blindly follow proxy voting advice. Our internal policy and the ACSI voting policy are applied on a case by case basis. Particularly with regard to our internally managed portfolio we are very active and considered in our voting approach (as are our external managers in their voting approach) in regard to companies that we have a detailed working knowlege of, which is developed through our own in house fundamental research.
Globally, we use CGI Glass Lewis to vote our shares, using guidelines specified by ACSI, with input from UniSuper (and other users of this service).