❓ A WA parliamentary question addresses GESB's active management of investment portfolios, shareholder voting practices, and membership in the Australian Council of Superannuation Investors, with GESB confirming active voting and non-membership.
AnsweredQoN 5769Legislative Assembly
QuestionView source ↗
(1) Further to the concern of the public on payments to executives and the recent announcement by the Federal Government to examine executive remuneration, does the Government Employees Superannuation Board (GESB) ensure their investment portfolios are managed actively to ensure good governance through participating in shareholder voting; and
(a) if so, how does GESB do this?
(2) Is GESB a member of the Australian Council of Superannuation Investors; and
(a) if not, why not?
(a) if so, how does GESB do this?
(2) Is GESB a member of the Australian Council of Superannuation Investors; and
(a) if not, why not?
AnswerView source ↗
Answered
1 August 2011
Response time
46 days
(1) Yes
(a) 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.
(2) No
(a) GESB does not have a third party representing its proxy voting decisions.
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(a) 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.
(2) 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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