State Street released a report on their Q1 focus and activities related to the companies where they vote. What we learned:
- They’ve been busy. State Street voted at 2,596 meetings in 60 countries, weighing in on 18,105 management proposals and 382 shareholder proposals. They favored management proposals 83% of the time and shareholder proposals about 13% of the time.
- North America dominates engagement. Fifteen percent of the voting decisions were made at North American companies, but more than half of engagement discussions took place with companies in this region. A specific list of the companies that they engaged with are included in the report.