State Board of Administration of Florida

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  1. FSBA report finds gains correlated with proxy-voting decisions

    trueFlorida State Board of Administration's proxy-voting decisions correlated with a 9.4% increase in cumulative returns based on the original value of holdings, adding $178 million in appreciation to its assets, according to a new study from the FSBA.

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  1. Florida State Board adopts incentive compensation plan to help retain staff

    trueFlorida State Board of Administration trustees Tuesday approved an incentive compensation plan for Ashbel C. Williams Jr., executive director and chief investment officer, and the rest of the investment staff, its first such comprehensive program.

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  2. Toyota shareholders approve dual-class shares despite pension fund opposition

    trueToyota Motor Corp. shareholders approved a proposal to create a dual-class share structure by a 75% vote, overcoming opposition from four pension funds.

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  3. Florida State Board of Administration places 3 equity managers on watch

    trueFlorida State Board of Administration, Tallahassee, placed on watch Quantitative Management Associates, Stephens Investment Management Group and BMO Global Asset Management, which run a combined $2.4 billion.

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  4. BlackRock, Ceres create ESG governance guide for institutional investors

    trueBlackRock teamed up with Ceres to create a guide for U.S. institutional investors on engaging with companies and policymakers on sustainability issues, the two institutions announced Thursday.

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  5. Chevron shareholders support proxy-access proposal; near majority at Exxon Mobil

    trueChevron Corp. shareholders voted 55% in support of a proxy-access proposal, while Exxon Mobil Corp. shareholders voted 49.4% in favor of a similar access proposal, according to preliminary voting results of the companies' annual meetings Wednesday.

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  6. Proxy-access proposal at Chevron gaining pension fund support

    truePension funds have lined up in support of a proxy-access proposal filed by the New York City Retirement Systems at Chevron Corp., according to their proxy-voting disclosures.

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  7. Pension funds take different sides on political lobbying proposal at Aetna

    trueAetna Inc. shareholders face voting Friday on a New York State Common Retirement Fund proposal calling for the company to disclose spending on political lobbying, and pension funds are lined up on different sides of the issue.

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  8. Florida Legislature repeals law restricting pension fund investment in Northern Ireland

    trueFlorida State Board of Administration, Tallahassee, will be able to invest in Northern Ireland without state statutory restrictions if a bill passed by the Florida Legislature becomes law.

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  9. Chipotle shareholders reject proxy access proposals, ratify executive pay

    trueChipotle Mexican Grill Inc. shareholders at the company’s annual meeting Wednesday rejected two proxy access proposals, including one co-filed by the $163.4 billion New York City Retirement Systems, $56 billion UAW Retiree Medical Benefits Trust, Ann Arbor, Mich., and $5 billion Philadelphia Public ...

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  10. Pension funds line up against Chipotle pay package

    trueTwo big pension funds have lined up against Chipotle Mexican Grill Inc.'s executive pay package for Steve Ells, chairman of the company's board and co-CEO; Montgomery F. Moran, co-CEO; and two other top executives.

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  11. Florida State Board of Administration invests or commits nearly $3.6 billion

    trueFlorida State Board of Administration, Tallahassee, hired three managers to run $2.1 billion and made new private equity, real estate and strategic investment commitments totaling $1.478 billion, said John Kuczwanski, FSBA communications manager, in an e-mail.

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  12. Florida SBA rejects increasing risk for Hurricane Catastrophe Fund allocation

    trueFlorida State Board of Administration rejected changing the asset allocations to step up risk and boost potential return in the $13 billion Florida Hurricane Catastrophe Fund.

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  13. Starbucks CEO, 5 executives facing opposition on pay

    trueThe compensation of Starbucks Corp.’s CEO and five other top executives faces opposition from CalSTRS, Ontario Teachers’ Pension Plan and the Florida State Board of Administration.

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