Texas HB3776 mandates annual reporting of proxy votes for public retirement systems.

Texas HB3776 amends the Government Code to require public retirement systems to report annually on proxy votes made by proxy advisors. The governing body must tabulate and report these votes to the State Pension Review Board within 180 days after the fiscal year's end. The report must include details such as the vote caption, the system's vote, and the company's recommendation. The State Pension Review Board will post these reports on its publicly accessible website.

Texas HB3776 mandates annual reporting of proxy votes for public retirement systems.

Texas HB3776 amends the Government Code to require public retirement systems to report annually on proxy votes made by proxy advisors. The governing body must tabulate and report these votes to the State Pension Review Board within 180 days after the fiscal year's end. The report must include details such as the vote caption, the system's vote, and the company's recommendation. The State Pension Review Board will post these reports on its publicly accessible website.