We recently released our 2016 governance report, available at the links below. The Annual Summary contains information on the SBA’s corporate governance and proxy voting activities, corporate engagement, and other matters. The main objective of the report is to provide transparency of the SBA’s governance and investment practices, and also highlight governance issues we feel are important for investors to consider.

 

In this year’s report, we’ve included several pieces focused on executive compensation in the UK, whether executives should serve on boards, governance patterns in the U.S. Banking sector, and proposed reforms to SEC Rule 14a-8. The report also includes additional information on our global voting footprint and compliance with state statute.

 

SBA website link:

http://www.sbafla.com/fsb/Portals/FSB/Content/CorporateGovernance/Reports/2016_CorporateGovernanceAnnualSummarySPREAD.pdf

 

Alternative link (issuu reader):

https://issuu.com/mikemccauley/docs/2016_corporategovernanceannualsumma

 

As always, we’re happy to discuss further with any interested parties. Additional information on our proxy voting can be found on the SBA’s website.

 

Mike

 

Michael McCauley

Senior Officer, Investment Programs & Governance

Florida State Board of Administration (SBA)

1801 Hermitage Blvd., Suite 100

Tallahassee, FL 32308

(850) 413-1252 (o) / (850) 694-0168 (m)

mike.mccauley@sbafla.com

 

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