New proxy-voting policy covers small, midsize pension funds

Institutional Shareholder Services today introduced a new proxy voting policy specifically for small and midsize public pension funds and their investment managers, confirmed spokeswoman Sarah Cohn. Under the new policy, the funds and their managers can vote proxies in a manner consistent with the guidelines typically followed by larger state funds that have the deep resources to design and deploy their own custom voting policies. ISS used input from two surveys of about 40 public plan sponsors to help create the new policy.