Who is BCIMC?

(taken from thier website)

"The British Columbia Investment Management Corporation (bcIMC) is one of Canada’s largest institutional investors within the global capital markets. We invest on behalf of public sector clients in British Columbia including the pension plans of more than 500,000 people.

bcIMC manages a globally diversified investment portfolio of C$92.1 billion as at March 31, 2012. Based in Victoria, British Columbia and supported by industry-leading expertise, bcIMC invests in all major asset classes: fixed income, mortgages, public equities, private equity, real estate and infrastructure" ---BCIMC Website

"Mission Statement - "We are accountable to our clients to provide professional fund management for all asset classes, exercising the highest standards of prudence and fiduciary responsibility. We deliver to our clients the highest return for a given level of risk, at a reasonable cost, while recognizing our responsibility to the broader society through our governance, social and environmental related activities."

How do they evaluate Corporate Management and Directorship?

http://www.bcimc.com/publications/pdf/ResponsibleInvesting/CorporateGovernancePrinciplesProxyVotingGuidelines.pdf

Why did I post this?

For all those that think the concerns revolving the conduct of Management and its Directors are just some crazy nonsense dreamed up by a bunch of tin foil hat conspiracy theorists who happen to wander the internet investment boards...

...turns out corporate responsibility and accountability IS A REAL THING that even the largest investment management firms in Canada expect the same from the company's they invest in...and imagine the logic that they use these guidelines to determine how they vote their proxies...amazing.

S.