Swedish National Pension Funds are searching for a proxy voting firm to provide global voting services, according to an RFP posted on the funds' websites.
The funds have been voting at shareholder meetings of “about 500 foreign companies” since 2009 and expect to expand to five new markets in the next three years. The funds “want to control the voting policy and final vote decision while outsourcing the processing and management parts of the process,” according to the RFP.
The funds are the 240 billion Swedish kronor ($38 billion) AP1; the 242 billion kronor AP3; and the 241 billion kronor AP4, all of Stockholm; and the 248 billion kronor AP2, Gothenburg.
The RFP is available on AP1's website. Proposals are due Nov. 20. A decision is expected Nov. 27, with a contract to be signed Dec. 12.
AP fund spokeswomen could not be reached for further information.
