❓ A WA parliamentary question addresses public concerns about executive remuneration, GESB's investment management practices, and its membership in the Australian Council of Superannuation Investors. The Minister acknowledges the concerns and outlines GESB's voting practices.
AnsweredQoN 674Legislative Assembly
QuestionView source ↗
(1) Is the Minister aware of the concerns of the public regarding payments to executives and the recent announcement by the Federal Government to examine executive remuneration?
(2) How does the Government Employees Superannuation Board (GESB) ensure their investment portfolios are managed actively to ensure good governance through participating in shareholder voting?
(3) Is GESB a member of the Australian Council of Superannuation Investors; and
(a) if not why not?
(2) How does the Government Employees Superannuation Board (GESB) ensure their investment portfolios are managed actively to ensure good governance through participating in shareholder voting?
(3) Is GESB a member of the Australian Council of Superannuation Investors; and
(a) if not why not?
AnswerView source ↗
Answered
6 May 2009
Responded by
Minister for Commerce
Response time
35 days
(1) Yes.
(2) GESB votes on behalf of its members in any corporate governance or other issues arising from its economic stake in corporate entities. GESB's appointed investment managers defer to GESB for voting instructions whenever an issue arises that the investment manager believes could have a material financial impact on GESB's portfolio.
(3) No
a. GESB does not have a third party representing its proxy voting decisions.
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(2) GESB votes on behalf of its members in any corporate governance or other issues arising from its economic stake in corporate entities. GESB's appointed investment managers defer to GESB for voting instructions whenever an issue arises that the investment manager believes could have a material financial impact on GESB's portfolio.
(3) No
a. GESB does not have a third party representing its proxy voting decisions.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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