Corporate Governance Overview
SWIB exercises its fiduciary responsibility as a shareholder through its corporate governance program.
SWIB's Corporate Governance Program was implemented in 1986 to protect SWIB's long-term investment holdings by exercising its rights as a shareholder. We focus on long-term shareholder value through our corporate governance activities.
PROGRAM ACTIVITIES
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Engagement with corporations
PROXY VOTING
SWIB analyzes its domestic and international proxy votes solely in the economic and long-term interests of the WRS. The Trustees adopt program policy and proxy voting guidelines that govern SWIB's voting of proxies. SWIB historically casts votes for well over 6,000 meetings each year.
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Proxy Voting Guidelines are reviewed annually and approved by Trustees. SWIB votes the proxies for all internal assets and assets managed externally through separate accounts, while voting of proxies for any commingled funds is delegated to the external investment manager. SWIB hires an external proxy voting service to assist in analyzing proxy issues, make vote recommendations based on SWIB's guidelines, and to execute SWIB's vote on its domestic and international proxies.
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Proxy Votes are posted after the company's meeting date.