The Australian Council of Super Investors (ACSI) has partnered with an international corporate governance advisor to provide members with proxy voting services covering developed countries offshore.
ACSI has appointed Glass Lewis & Co. to provide its superannuation fund members with proxy voting services in the US,
UK and European equity markets.
Ann Byrne, chief executive officer of ACSI, announced the partnership at the organisation’s annual conference in
Melbourne on May 29.
The organisation’s current proxy voting alert service assesses the performance of companies listed in the ASX 200 against the ACSI governance guidelines, and provides voting recommendations to members.
“We will be revising the ACSI guidelines for the new arrangement,” Byrne told the conference.
Glass Lewis provides research and analysis on 16,000 public companies in 65 countries, and its proxy voting service offers recommendations on all proposals listed in proxies.
ACSI’s predominantly industry fund member base accounts for more than $250 billion in retirement savings.