San Bernardino County Employees Retirement Association
File #: 24-309.1    Name:
Type: Consent Item
File created: 10/29/2024 In control: BOARD OF RETIREMENT
On agenda: 11/7/2024 Final action:
Title: Approve and adopt updates to the Investment Policy No. 009 (Proxy Voting Policy).
Attachments: 1. Exhibit A: Investment Policy No. 009 (Proxy Voting Policy)
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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FROM:                                           Don Pierce, Chief Investment Officer

 

SUBJECT:                                            Investment Policy No. 009 (Proxy Voting Policy)

 

RECOMMENDATION:

title

Approve and adopt updates to the Investment Policy No. 009 (Proxy Voting Policy).

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BACKGROUND:

General Policy No. 005 involves the periodic review of Board Policies and indicates that the Investment Committee shall review investment policies every three years.

 

Investment Policy No. 009 (Proxy Voting Policy) was last reviewed in 2021.

 

Investment staff, NEPC, and our Legal department have conducted a review of Investment Policy No. 009 (Proxy Voting Policy) and has found it consistent with current practice.  Staff is therefore recommending renewal of Investment Policy 009 (Proxy Voting Policy) without substantive change.

 

COMMITTEE REVIEW:

This item was reviewed by the Investment Committee at its meeting on October 10, 2024, and recommends Board approval with a 3-0 vote.  Trustee Basle was absent from the meeting.

 

BUDGET IMPACT:

None.

 

STRATEGIC PLANNING GOAL/OBJECTIVE:

Prudent Fiscal Management

 

STAFF CONTACT:

Don Pierce

 

ATTACHMENTS:

Exhibit A:                     Investment Policy No. 009 (Proxy Voting Policy)