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        Asset Stewardship Report

        Our 2023 report describes our approach to asset stewardship, highlights our stewardship activities, and provides data and references to help our stakeholders understand the ways we use engagement and proxy voting in pursuit of long-term value creation for our clients.

        Our Principles

        We have organized our proxy voting and engagement program around three broad principles:

        1

        Effective Board Oversight: We believe that well-governed companies can protect and pursue shareholder interests better and withstand the challenges of an uncertain economic environment.

        2

        Disclosure: It is important for shareholders to receive timely and accurate reporting of a company’s financial performance and strategy so that they are able to assess both the value and risk of their investment. 

        3

        Shareholder Protection: We believe it is in the best interest of shareholders for companies to have appropriate shareholder rights and accountability mechanisms in place.

        2023 in Review

        In 2023, we voted at over 23,200 meetings on over 200,000 management and shareholder proposals.

        Number of Meetings Voted 23,200+
        All Proposals 200,000+
        Shareholder Proposals 4,900+
        Engagements 940
        Countries 30+

        Our Report

        Download the full 2023 Asset Stewardship Report and Report Snapshot.

        Effective Board Oversight

        We continued our focus on encouraging stronger corporate governance practices.

        effective board oversight

        Effective board oversight centers around governance. We conducted more than 450 governance-related engagements in 2023 in which we discussed issues regarding board practices, shareholder rights, and executive compensation, among other topics. Many of these engagements occurred before company shareholder meetings, but we also engaged with companies as part of the campaigns on director time commitments and managing risk of uncertainty in interest rates.

        Number of Engagements 450+

        Engagement Topics Include

        • Corporate Structure
        • Director Elections and Governance Practices
        • Director Time Commitments
        • Executive Compensation
        • Shareholder Rights

        Voting and Guidance Library

        View all of our voting guidelines and expectations.

        About our Asset Stewardship Program

        Our Asset Stewardship program is focused on identifying issues that impact long-term sustainability of our portfolio companies.

        For questions or any further information on our stewardship program, please email the Governance Team at State Street Global Advisors.

        More on Asset Stewardship

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