Greater transparency of proxy advice

This consultation process has now been completed. Submissions available
Date
-
Consultation Type
Consultation Paper

Key Documents

Proxy advice assists institutional shareholders to make decisions on how to vote on matters put to shareholders for approval at company meetings. Among these institutional shareholders are superannuation funds who make decisions on behalf of the millions of Australians who have their superannuation savings invested in shares.

Given the influential role of proxy advisers in corporate governance in Australia and the high degree of institutional share ownership, the Government is consulting on the adequacy of the current regulatory regime for proxy advice and developing reform options that would strengthen the transparency and accountability of proxy advice.

Therefore, we are seeking feedback from stakeholders on options that aim to:

  • ensure independence between superannuation funds and proxy advice;
  • facilitate engagement between companies and proxy advisers; and
  • require suitable licensing for the provision of proxy advice.

Submissions

85 submissions were received for this consultation, including 19 confidential submissions.

Acadian Asset Management - pdf 149.25 KB
Active Super - pdf 104.94 KB
AustralianSuper - pdf 281.93 KB
Aware Super - pdf 546.83 KB
Carsales.com Ltd - pdf 593.12 KB
Cbus Super - pdf 230.48 KB
CGI Glass Lewis - pdf 566.18 KB
EOS at Federated Hermes - pdf 238.95 KB
Ethical Partners - pdf 141.33 KB
First Super - pdf 180.27 KB
Greencape Capital - pdf 157.4 KB
Guerdon Associates - pdf 145.04 KB
HESTA - pdf 113.76 KB
Hostplus - pdf 293.16 KB
IFM Investors - pdf 348.51 KB
Industry Super - pdf 226.99 KB
Infomedia - pdf 305.02 KB
InvoCare - pdf 172.54 KB
KPMG - pdf 26.81 KB
Law Council of Australia - pdf 234.76 KB
Martin Currie - pdf 318.75 KB
Mayne, Stephen - pdf 545.18 KB
Milford Asset Management - pdf 240.17 KB
Neuberger Berman - pdf 102.79 KB
Orient Capital - pdf 275.81 KB
Ownership Matters - pdf 490.82 KB
Perpetual - pdf 754.41 KB
Sandon Capital - pdf 952.24 KB
Stewart Investors - pdf 377.11 KB
TechnologyOne - pdf 187.62 KB
Telstra Super Pty Ltd - pdf 214.67 KB
TWUSuper - pdf 229.33 KB
UniSuper - pdf 124.12 KB
UTS, Peter Wells - pdf 91.98 KB
Vanguard - pdf 143.95 KB
Vision Super - pdf 326.05 KB
WaveStone Capital - pdf 1.99 MB
Wilkins, Richard - pdf 1 MB