|
|  |
 Printer Friendly
 Text Version  Email Page
| Corporate Governance and Proxy Voting |
The State Treasurer, as fiduciary for the State of Michigan Retirement Systems (SMRS) recognizes that the development, growth and integrity of public companies are critical to the strength of the SMRS' investments. He believes that sound corporate governance contributes significantly to long-term company performance. Accordingly, he believes that his fiduciary responsibility to the SMRS' participants requires that he advocate better corporate governance, both as a means to improve long-term value for participants and to enhance investor confidence.
The Treasurer's views on corporate governance are based on the belief that good corporate governance should maintain a balance between the rights of shareholders and the needs of the board of directors and management to manage the affairs of the company. A sound governance structure should reinforce a culture of integrity, result in the pursuit of long-term strategic goals and ensure continuity of leadership.
The SMRS' Corporate Governance Core Principles and Guidelines represent the Treasurer's belief of what constitutes good corporate governance in the current environment. The Core Principles will serve as the basis for dialogue with boards and managements, with the intent of improving corporate governance and increasing long-term shareholder value.
Corporate
Governance Core Principles - January 2007
Proxy
Voting Policy - January 2007
|
|
