 Corporate Governance Contacts
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SBA Related Publications
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Corporate Governance
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The State Board of Administration (SBA) takes an active role in strengthening
corporate governance. Effective corporate governance can enhance shareholder
value and thereby play an important role in achieving our financial objectives as a
long-term investor.
Integrity, performance, and accountability are principles that guide the SBA
and our staff while serving as stewards of Florida's public pension and other trust
funds. We expect nothing less from the companies and funds in which we invest.
That's why the SBA supports the adoption of internationally recognized
governance practices for well-managed public companies. These include
independent boards, performance-based executive compensation, accurate
accounting and audit practices, transparent board procedures, and policies
covering issues such as succession planning and meaningful shareholder
participation.
During fiscal year 2007, the SBA executed votes on 3,563 public company proxies
covering over 27,160 individual voting items. On all proxy issues, the SBA voted for,
against, or abstain on 76.4%, 21.9%, and 1.72% of all items, respectively. Of all
votes cast, 25.2% were against the management recommended vote.
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