State Comptroller Elise Nieshalla votes to prioritize fiduciary duty for proxy voting
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State Comptroller Elise Nieshalla, as the Chairwoman of the Indiana Deferred Compensation Committee (IDCC), was part of a unanimous vote to change proxy voting polices to reassert the Committee’s directive to ensure the Plan’s votes be cast in a manner that upholds their fiduciary duty to participants.
By doing so, Comptroller Nieshalla and committee members reaffirmed their priority of delivering value to the Plan’s shareholders and ended the possibility of proxy votes promoting environmental, social and governance (ESG) factors. Their vote adopted a new policy made available through the proxy voting service, Institutional Shareholder Services (ISS), and in partnership with fund manager, State Street. The new policy, Bowyer Research Proxy Voting Guidelines, provides a voting framework solely focused on shareholder value.