Sec. 11. The board shall, at least annually, tabulate and report all proxy votes made by a service provider that is not a private market fund (as defined in IC 5-10.2-10-11) in relation to the administration of the system. For each vote reported, the report must contain:

(1) a vote caption;

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Terms Used In Indiana Code 5-10.2-14-11

  • Board: as used in this article , means the board of trustees of the Indiana public retirement system established by Indiana Code 5-10.2-1-1
  • Fund: as used in this article means the Indiana state teachers' retirement fund and the public employees' retirement fund. See Indiana Code 5-10.2-1-2
  • service provider: means investment managers and proxy advisors to the system. See Indiana Code 5-10.2-14-4
  • system: refers to the Indiana public retirement system established by Indiana Code 5-10.2-14-5
(2) the fund’s vote;

(3) the recommendation of the portfolio company’s management; and

(4) if applicable, the recommendation of a proxy advisor or other service provider.

As added by P.L.206-2023, SEC.1.