All investors who own publicly traded shares have the right to vote for or against resolutions that appear on the proxy ballot at annual shareholder meetings. Investment managers generally vote in accordance with the recommendation of company management, sometimes in direct opposition to the consensus values of CBIS participants. As a result, many institutions unknowingly lend support to forms of corporate behavior that we and other faith-based and SRI investors are working hard to change. CBIS’ comprehensive proxy voting guidelines govern how we vote on behalf of participants across a wide range of environmental, social and governance issues, and ensure that we take full advantage of the opportunity to influence corporate policy through proxy voting. From July 2009 through June 2010, we voted proxies at 3,149 U.S. and international corporations.
CBIS’ comprehensive proxy voting guidelines govern how we vote on behalf of participants across a wide range of environmental, social and governance issues.