Model Proxy Voting Guidelines
August 30, 2007

Shareholder activism has gained prominence since the late 1980s when CalPERS began an aggressive effort to improve corporate governance. Since then, a number of public pension funds and labor unions have been seeking to influence public company decision-making and governance through shareholder proposals and proxy voting.

NCPERS wholeheartedly supports the public employee unions and institutional investors who are filing shareholder proposals to bring transparency and accountability to corporate political spending and to give shareholders a greater voice on executive compensation. To that end, NCPERS in recent years developed Model Proxy Voting Guidelines. These guidelines are for being made available to NCPERS members who wish to learn more about shareholder rights issues, or by those members who are seeking to increase their shareholder activism.

The revised Model Proxy Voting Guidelines can be downloaded by clicking here.