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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:

2023 in Review

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

Our Report

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.

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.

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