CalPERS voted on 10,937 resolutions (10,895 management and 42 shareowner), supporting 85% of management and 64% of shareowner proposals in the quarter. Those figures were little changed from the previous quarter, when support levels were 85% and 64%, respectively.
The $296 billion California Public Employees' Retirement System said it cast votes at 1,321 company meetings worldwide during the third quarter.
The fund votes “in line with CalPERS global principles of accountable corporate governance, as approved by the board,” according to its global governance program update.