Media Super is a substantial investor in Australian and international companies and has an obligation to be an ‘active owner’ – in other words, to use our influence to help align the interests of the Fund and our members with the management of investee companies. As well as engaging with companies – through the Australian Council of Superannuation Investors (ACSI) – to improve environmental, social and governance practices, a vital element of active ownership is exercising our right to vote.
ACSI provides advice to Media Super on proxy voting for Australian listed companies. We typically follow these recommendations and direct our investment managers to vote in line with these recommendations. Proxy voting summaries are published annually.
Proxy voting summaries for Media Super’s investment managers in the period from 1 July 2018 to 30 June 2019 are as follows:
Media Super invests in international equities via pooled investment trusts, which means that while we maintain the economic benefit of such investments, we do not have the ability to directly vote and instead rely on our investment managers to vote appropriately on our behalf. Our role is to ensure that we select investment managers who will vote shares in a responsible manner, in line with our investment beliefs.
Direct Investment option
Members may provide directions on voting any of their shareholdings, where the trustee has determined that it is appropriate to provide this option at the member level.
Please see the ‘Corporate actions’ section of the Direct Investment Guide for more information.