CalPERS Expands Proxy Voting Information Available on its Website
December 21, 2015
Communications & Stakeholder Relations
Brad W. Pacheco, Deputy Executive Officer
Contact: Joe DeAnda, Information Officer
Voting Decision Detail For All Publicly Held Companies in Portfolio Added
SACRAMENTO, CA - Investors and the public interested in how the California Public Employees' Retirement System (CalPERS) casts its proxy votes on key decisions in corporate America can now find the information on the Pension Fund’s website.
CalPERS has expanded its online offering of proxy voting decisions made by the Fund to now include those for all publicly held companies in its portfolio. Prior to this expansion, CalPERS provided proxy voting information for the 300 largest public company holdings in its portfolio.
Visit the CalPERS website to access the new database of proxy voting decisions for more than 10,000 publicly held companies in the CalPERS portfolio, as well as the separate database of the 300 largest public company holdings in the portfolio.
"Openness is one of CalPERS' Core Values," said Ted Eliopoulos, CalPERS Chief Investment Officer. "As a long-term shareowner, our votes are one way we can influence a company's operations and governance. We want all shareowners to have access to this information."
This past proxy season, CalPERS' strategic priorities included proxy access and climate risk reporting. In 2016, additional priorities will include investor rights, board quality and diversity, and executive compensation. The CalPERS' Investment Policy for Global Governance outlines the Fund's principles on all governance issues and guides our proxy voting.
CalPERS seeks to post its proxy votes prior to each company's annual meeting.
For more than eight decades, CalPERS has built retirement and health security for state, school, and public agency members who invest their lifework in public service. Our pension fund serves more than 1.7 million members in the CalPERS retirement system and administers benefits for more than 1.4 million members and their families in our health program, making us the largest defined-benefit public pension in the U.S. CalPERS' total fund market value currently stands at approximately $288 billion. For more information, visit www.calpers.ca.gov.