The Financial Executives Institute, Morristown, N.J., plans to review proxy voting practices among the 150 members of its Committee on Investment of Employee Benefit Assets, said Gina Mitchell, a Washington lobbyist for the FEI.
The survey will examine how many of FEI's members, representing many of the country's largest corporate pension funds, have guidelines on voting ballots for shares of companies they hold in their portfolio. The survey also will examine whether corporate funds delegate voting authority to their money managers. Results will be published in the spring.
The Organization last surveyed its 147 members' proxy voting practices in 1989. "Virtually all" of the 121 companies that responded had formal guidelines on voting shares, Ms. Mitchell said.