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We are committed to being an active owner of our investments, and look to forge close relationships with the companies the Fund invests in directly. For investments where we have a significant shareholding, we may appoint staff and Independent Directors to the Board. We expect our Directors to follow clear governance and decision-making structures that promote decisiveness, efficiency and accountability, are effective, and add value to the Fund.

Even when we do not have representation at a Director level, we still look to use our influence as shareholders to improve company performance. We do this by encouraging high governance standards across markets and asset classes, particularly in the New Zealand market. We have been active members of the New Zealand Corporate Governance Forum since its establishment in 2015. The Forum has been instrumental in helping to promote global best practice in governance to drive the longer-term health of New Zealand’s capital markets. We also exercise our voting rights locally and globally across the Fund’s segregated equity portfolio. This is important in maintaining oversight of Directors, Boards and company policies.

Governance at the Guardians of New Zealand Superannuation

Chief Investment Officer Stephen Gilmore and Head of Responsible Investment Anne-Maree O'Connor discuss how the Guardians think about best practice governance.