Washington State Investment Board, Olympia, is searching for a provider of proxy voting services to establish a strategic alliance or partnership, according to an RFP posted on the $82 billion systems website. The services initially will be used only for domestic equities but could be expanded as the scope of corporate governance matures. In 2004, the fund hired Glass Lewis to help it move toward voting its U.S. equity proxies in-house. Board spokeswoman Liz Mendizabal was not available for comment; Glass Lewis spokeswoman Bayley Diamond said she couldnt comment.
The RFP is available at www.sib.wa.gov/index.html. Proposals are due 4:30 p.m. PDT Oct. 3, and the board hopes to have a contract in place by Jan. 1.