state street 2022 proxy voting guidelines

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Vote results for the 2021 proxy calendar reflect a changed landscape. Goldman Sachs 2021 Annual Report . Given the SEC's recent revisions to guidance regarding shareholder resolutions, it's likely that many more proposals targeting climate change, diversity and inclusion, and other hot-button social issues will come to a vote. Geode takes seriously its responsibility to monitor events affecting securities in those client The ISS updates are available here and will apply for shareholder meetings held on or after February 1, 2022 . If you are an investor, we invite you to read our . Key Points. These money managers encourage major public companies to actively Dimensional seeks to maximize shareholder value subject to the standards of the relevant legal and regulatory regimes, listing requirements, corporate governance and stewardship codes, and any particular investment or . A summary of the changes can be downloaded at the link below: ‍ Risk. This proxy season, SSGA will also vote against directors of S . 2019 Annual Report. Proxy Voting Guide . In 2022, State Street will vote against the Chair of the Compensation Committee of an S&P 500 company that fails to disclose its EEO-1 report. State Street will vote against responsible directors if (i) companies in the S&P 500 and FTSE 100 do not have a person of color on their boards, (ii) companies in the S&P 500 and FTSE 100 do not disclose the racial and ethnic diversity of their boards, and (iii) companies in the S&P 500 do not disclose their EEO-1 reports. In November 2020, the U.S. Securities and Exchange Commission (SEC) adopted amendments to certain financial disclosure requirements in Regulation S-K,… Overboarding issues including proxy voting worldwide and coordinating regional proxy voting guidelines in accordance with applicable regulations and best practices. The call for enhanced disclosure on board diversity has accelerated in recent months, culminating in Nasdaq's new board diversity rules. Proxy voting became an option for lawmakers in 2020 for public health reasons. At the right, you'll find the current and prior years' editions. 6 state street will vote against responsible directors if (i) companies in the s&p 500 and ftse 100 do not have a person … For companies listed in major indices, starting in the 2023 proxy season, State Street expects boards to be comprised of at least 30% women directors. ACTION ITEM 2.€Review and Update of Proxy Voting Guidelines 2022 Proxy Voting Guidelines - Update Memo to CG-5-17-22 - Page€7€€ . As detailed in its most recently published proxy voting guidelines, As You Sow . 13 January 2022. Below is a recap of 2022 Annual Meeting voting result information recently filed with the SEC for companies and proposals included within the ProxyMonitor database. State Street seeks 30% women directors on larger company boards by 2023 - State Street's updated guidelines require all companies to have at least one woman on their board. BlackRock is offering shareholders representing 40% of its $4.8 trillion in index assets the ability to vote their own shares at this year's slate of public company annual meetings . GENERAL PROXY VOTING GUIDELINES To promote consistency in voting proxies on behalf of our clients, we follow this Policy (subject to any exception set forth herein). Proxy Voting and Procedures Proxy Voting Procedures. You can also learn more about guidelines, principles, and disclosures on our Proxy Voting webpage. Below is a high-level summary of applicable rule changes, guidance, and disclosure considerations for the 2022 reporting season for public companies. Suspect Wasteful Spending? Nasdaq now requires its listed companies, no later than August 8, 2022, to provide . After two years of a temporary provision to allow remote voting in the U.S. House, the top 36 users of the proxy voting system are all Democrats, though Republicans have also taken advantage of it. This report compares millions of proxy voting records from January 2015 to June 2020 to commercial relationships, which uncovers the fact that all major fund managers considered — BlackRock, State Street, T. Rowe Price, and Vanguard — vote with management of their customers at a significantly higher rate . March 2022 North America (United States & Canada) Proxy Voting and Engagement Guidelines State Street Global Advisors' North America Proxy Voting and Engagement Guidelinesi outline our expectations of companies listed . In 2022, we will vote against the Chair of the Nominating & Governance Committee at companies in the S&P 500 and FTSE 100 that do not have at least 1 director from an underrepresented community on . (the "Proxy Voting Guidelines"), and a summary of proxy votes, are available on the OTT website at https://portal.ct.gov/OTT . Proxy Voting Guideline Updates for BlackRock and State Street. State Street will vote against responsible directors if (i) companies in the S&P 500 and FTSE 100 do not have a person of color on their boards, (ii) companies in the S&P 500 and FTSE 100 do not. State Street Global Advisors. An analysis of the Big Three's ownership and voting control over Fortune 250 companies reveals that they have the power to determine the outcome of as many as 49.1 percent of environmental proposals, that Vanguard and BlackRock combined (the "Big Two") have sufficient voting control to determine the outcome of up to 35.1 percent of such . Proxy Voting Guidelines. Principles and philosophy. The 69 investors identified were those in the Proxy Insight database that cast votes on at least five CPA model-resolutions in each of the last three proxy seasons and were among the 100 largest investors by global assets under management. State Street Global Advisors is evolving its proactive and targeted approach to engagement, prioritizing climate change, human capital management (HCM) and diversity equity and inclusion, and expanding its stewardship team . In 2022, SSGA is implementing the following voting policies: • SSGA will vote against the nominating committee chair at S&P 500 and FTSE 100 companies that do not have at least one director from an underrepresented racial or ethnic community. 2022 Outlook: Caron's Corner: Consilient Observer: Global Equity Observer: . Updates From the SEC New York, NY 10007. EMCR. 2022 Policy Guidelines — United States 8 State Laws on Underrep resented Community Diversity We have included a new section discussing state laws on underrepresented community diversity. Fidelity maintains the flexibility to vote individual To manage these challenges, and more, we've implemented a long-term strategy to support our stakeholders — employees, clients, communities and shareholders. Akin Gump has put out the following client alert breaking down these changes which are primarily focused on diversity and inclusion and climate risk disclosures. January 20, 2022 Shirley Westcott In his annual letter to portfolio companies, State Street Global Advisors (SSGA) CEO Cyrus Taraporevala outlined SSGA's stewardship and proxy voting agenda for 2022 which will primarily focus on climate change and board and workforce diversity. BlackRock, State Street and Vanguard recently updated their proxy voting guidelines to reflect evolving priorities and challenges related to sustainability, diversity and inclusion, and human capital management. 4/6/2021. Our four principles of governance guide our approach to proxy voting, engagement, and advocacy. Beginning 2022, SSGA will take voting action against independent directors at companies in the S&P 500 that are underperformers based on their R-Factor scores and have not shown positive momentum in the previous two years. Investment Stewardship is central to BlackRock's fiduciary responsibility to our clients to advance their long-term economic interests. 4/8/2020. The purposes of these proxy voting policies are to (1) establish a framework for Geode's analysis and decision-making with respect to proxy voting and (2) set forth operational procedures forGeode's exercise of proxy voting authority. At the Annual Meeting, those participating virtually or by proxy will be asked to vote on the election of three Directors, one for a four-year term and two for a one-year term. During the 2022 season, we will continue our efforts and make strides on our priorities. ISS to: (1) act as our proxy voting agent (providing State Street Global Advisors with vote execution and administration services), (2) assist in applying the Guidelines, (3) provide research and analysis relating to general corporate governance issues and specific proxy items, and (4) provide proxy voting guidelines in limited circumstances. Proxy voting was meant to keep crowds of House members smaller and thereby limit the spread of COVID-19, back in the early days of the pandemic. . •Proxy voting guidelines •Issues on which the CRPTF will cast proxy votes •Any other matters that may be related to proxy voting 2. Firms aligned closely over the past 18 months to prepare for the launch of Capital Group's initial suite of six ETFs. held at its home office, 1295 State Street, Springfield, Massachusetts, on Wednesday, April 13, 2022, at 2:00 p.m. local time. in particular, the Interfaith Center on Corporate Responsibility's 2022 Proxy Resolutions and Voting Guide. One Centre Street. The following are key considerations for your upcoming annual meeting proxy statement. . Each investment advisor within the J.P. Morgan Asset Management group 1, (each referred to individually as a "JPMAM Entity" and collectively as "JPMAM"), may be granted by its clients the authority to vote the proxies of the securities held in client portfolios. The ESG Research Team examine proxy proposals on their merits and offer voting recommendations in the interest of our clients, primarily guided by the expected impact on long-term risk-adjusted returns and supporting shareholder rights. . Comprising the most influential group of institutional investors, the Big Three is estimated to constitute the largest shareholder in approximately 88 percent of S&P 500 companies, with an estimated ownership . We vote our proxies in a manner consistent . During the 2022 season, we will continue our efforts and make strides on our priorities. Issued: March 1, 2022 Deadline: March 31, 2022, 4:00 p.m. Proxy advisory services, Institutional Shareholder Services (ISS) and Glass Lewis, recently issued updates to their respective voting policies for the 2022 proxy season . Proxy Voting Policy and Procedures. Proxy Voting Records. Guidelines for 2022. 4/5/2019. For institutional investors, the unofficial theme of the 2022 proxy season when it comes to ESG could be "less talk, more action." A 2022 proxy preview released by shareholder advocacy group As . CalPERS Proxy Voting Guidelines 1 Introduction 1 Director Elections 2 Contested Elections 4 Compensation 4 Capital Structure 6 Auditor and Audit -Related Issues 7 Other Issues 7 Shareholder Proposals 8 Governance Proposals 8 . ICCR has published the Proxy Resolutions and Voting Guide annually since 1974. Average support across 171 shareholder-sponsored resolutions averaged 34%, roughly 5 percentage . May 2022. View the proxy voting record for ETF's during the period July 1, 2020 through June 30, 2021. In 2022, State Street will vote against the Chair of the Compensation Committee of an S&P 500 company that fails to disclose its EEO-1 report. One idea we are considering to go into effect for the 2022 proxy season is to provide more guidance within our policy . The fundamental precept followed by Northern Trust in voting proxies is to confirm that the manner in which shares are voted is in the best . 12/31/2019. Benchmark policy is also proposed to expand to apply the expectation of at least one woman on the board to 2019 Proxy Statement. Our Annual Meeting was held on Thursday, April 28, 2022 at 8:30 a.m., New York time, at our offices located at 200 West Street, New York, New York 10282. BlackRock Investment Stewardship Proxy voting guidelines for U.S. securities | 6 The independent chair or lead independent director and/or members of the nominating/governance committee, where a board fails to consider shareholder proposals that receive substantial support, and the proposals, in our view, have a material impact on the business, shareholder rights, or the on diversity, starting in 2022, state street expects each of its portfolio companies to have at least one woman on the board of directors, and in 2023 will increase this requirement to 30% women for companies in major indices. Proxy Voting Policy. With institutional investors owning more than half of all U.S. companies and index funds emerging as the dominant institutional owners, understanding the viewpoints and proxy voting guidelines of key investors and advisers is a governance imperative. February 2020. Maryland State Retirement and Pension System 120 E. Baltimore Street, 16th Floor, Board Room Baltimore, Maryland 21202 Tuesday, 5/17/2022 8:00 - 9:00 AM ET . This is not intended to represent the proxy voting records for other mandates. As an investment adviser, Geode holds voting authority for securities in many of the client accounts that it manages. Monday, December 13, 2021. 2019 Global Stewardship Report. 2020 Annual Report. Provide research on targeted domestic companies held in CRPTF's portfolio pertaining to financial performance with corporate governance overlay in preparation for the proxy season. Proxy Statement for 2022 Annual Meeting of Shareholders. When voting proxies, Dimensional 1 seeks to act in the best interests of the funds and accounts Dimensional manages and consistent with applicable legal and fiduciary standards. 2020 Proxy Statement. II. ISS evaluates shareholder proposals on a case-by-case basis. this shift in voting practices is expected to continue into 2022 and should be considered in the context of the related underlying shifts currently underway in corporate america: changes in both "what" companies are supposed to address (that is, the ever-growing array of environmental, social & governance (esg) issues) and "who" (that is, the … In its 2022 policy updates and voting guidelines, ISS included updated policies for climate-related proposals to reflect increased shareholder concern on climate risks. Changes to State Street's Proxy Voting Guidelines. We conduct an annual due diligence meeting with the Proxy Service to review the processes and procedures the Proxy Service follows when making proxy voting recommendations based on the Guidelines and to discuss any material changes in the services, operations, staffing or processes. . Our evaluation of proxies reflects information from many sources, including management or shareholders of a company presenting a proposal and proxy voting advisory firms. We steward the assets of more than 30 million investors worldwide. Over the past two months, both BlackRock Investment Stewardship ("BlackRock") and State Street Global Advisors ("SSGA") have released updates to their proxy voting policies. CPA worked with Proxy Insight to examine the 69 investors' votes across the 2018-2020 proxy seasons. Our principles and philosophy. Portfolio Companies State Street Global Advisors Proxy Voting Agenda for 2022 Key Action Items • ISS' and Glass Lewis' board gender and racial/ethnic diversity policies are in full effect in 2022 for Russell 3000 companies and in certain cases are set to In addition to board gender diversity, several states have also begun to encourage board diversity beyond gender through legislation. State Street Global Advisors' key stewardship issues for in 2022 will be accelerated action on climate change and board diversity. Large asset managers such as BlackRock and State Street have begun to publish updates to their proxy voting guidelines. 3. i These Proxy Voting and Engagement Guidelines are also applicable to SSGA Funds Management, Inc. Call (212) NO-WASTE. We do this through engaging with the companies our clients are invested in, voting proxies for those clients who have given us authority, and promoting sound governance and responsible leadership as an informed, engaged shareholder. guidelines in voting proxies and our Stewardship Principles serve as the foundation for these guidelines. Our active ownership approach involves engaging in regular dialogue with portfolio companies to confirm that they are delivering positive long-term investment outcomes for the benefit of our clients. Regulation. Uncovering Conflict of Interest. This information is updated annually as of June 30 and publicly available by no later than August 31. for proxy voting decisions. "They do it in other organizations you know. We have previously reported on the R-Factor here and here. Proxy Voting Policy and Procedures Geode Capital Management, LLC January 2021 1 . Focus on Board Diversity Disclosure. Proxy voting policy for U.S. portfolio companies. Management's stewardship activities with oversight of proxy voting and engagement practices. State Street Global Advisors CEO on ESG in the 2022 Proxy Voting Season — JUST Capital State Street Global Advisors' CEO and Head of Asset Stewardship Talk Proxy Season, the State of Energy Amid Ukraine War, and the Future of ESG by Richard Feloni March 10, 2022 Categories ESG Investing Leadership Series Russia-Ukraine The JUST Interview To ensure that the proxies are voted in the best interests of . The U.S. research team provides proxy analyses and voting recommendations for the common shareholder meetings of U.S. - incorporated companies that are publicly-traded on U.S. exchanges, as well as certain OTC companies, if they are held in our institutional investor clients' portfolios. Resolutions that are known to have been settled, withdrawn, or excluded from final proxy statements have been excluded from this list, and as additional . 13 January 2022 We're built to do the right thing for clients, and our long-term perspective and disciplined approach reflect that commitment. Rep. Mark Amodei (R-Nevada) says it is a useful tool. State Street may vote "against,"or "withhold" votes from, the chair of the nominating/governance committee: Beginning in 2022, for companies in all markets, if there is not at least one female director on the board; and Beginning in 2023, at Russell 3000 companies, if the board does not have at least 30% female directors. Geode Proxy Voting Policies . State Street may vote "against," or "withhold" votes from, the chair of the nominating/governance committee: Beginning in 2022, for companies in all markets, if there is not at least one female director on the board; and Beginning in 2023, at Russell 3000 companies, if the board does not have at least 30% female directors. This Request for Proposals ("RFP") includes the following: . Last year, the ICCR reported, 23 . 3. ProxyMonitor.org is a unique, publicly available database that tracks shareholder proposals in real time. Key Voting Policies for 2020 and the Considerations for Boards. In December, BlackRock released its 2021 proxy voting guidelines together with a report summarizing its stewardship expectations for the coming year. CalPERS Proxy Voting Guidelines . [1 . Graphics are inclusive of only those votes executed through the ProxyExchange platform. Overview Throughout this season, you can see how CalPERS votes at specific companies by visiting our Notable Proxy Votes webpage. The CalPERS proxy voting guidelines provide an overview of our general philosophy and approach to the most important and commonly presented proxy voting items. State Street Bank and Trust Company, for the purpose of receiving proxy . Cancel. Investor Relations. For additional details, please see the ISS Proxy Voting Guidelines Updates for 2022 and Glass Lewis 2022 Policy Guidelines. State Street Corporation (NYSE: STT), May 18, 2022, . ISS invites views from all interested market constituents on 16 proposed voting policy changes for 2022 and beyond, across a number of different regional and market policies. View vote results for all the 2022 hot button issues, including . Export. There's such . 2 For purposes of this proxy voting policy, a "material business relationship" is considered to arise in the event a client has contributed more than 10% of Arrowstreet's annual revenues for the most recent fiscal year or is reasonably expected to contribute this amount for the current fiscal year. In 2022, State Street will vote against the Chair of. Throughout this season, you can see how CalPERS votes at specific companies by visiting our Notable Proxy Votes webpage. Vanguard 2022 Proxy Voting Policy for U.S. . by renholding. Institutional Shareholder Services Inc. (ISS) and Glass, Lewis & Co. (Glass Lewis) have each issued their respective proxy voting guidelines for 2022, which include a number of noteworthy revisions, summarized below. You can also learn more about guidelines, principles, and disclosures on our Proxy Voting webpage. Who May Vote period, for meetings on or after Feb 1st, 2023, U.S. (212) 669-3916. The Policy addresses a broad range of issues, and provides general voting parameters on proposals that arise most frequently. 1. . 2019 Stakeholder Report. 04/13/2022. Actual proxy voting records may differ for other clients. Sustainable Investing Policy. To see all vote results from the 2022 proxy season and learn more, visit Proxy Monitor. Engagement and Stewardship Principles. Our general proxy voting policy (effective February 1, 2022) that applies to all European-domiciled companies, followed by country specific policies for the UK, Ireland, the Crown Dependencies (Jersey, Guernsey and the Isle of Man) and Germany. Following the item number is a brief title of the proposal. Click Here to Access Our 2022 Annual Shareholders' Meeting Highlights. The 2022 proxy season is shaping up to be an especially active one, with environmental, social, and governance (ESG) matters. BOSTON-- (BUSINESS WIRE)-- State Street Corporation (NYSE: STT) announced today that it has begun working with Capital Group on servicing of the investment management firm's first actively managed exchange traded .