US - The US$60bn Ohio Public Employees' Retirement System (OPERS) is tendering for corporate governance consulting, research and support services as part of its efforts to further develop its corporate governance programme in early 2005.
OPERS said the firm selected would assist the fund on its Focus List and domestic Proxy Vote Disclosure projects. The projects may be bid separately or on a bundled basis.
“The focus list project will include the development of an OPERS focus list of three to five companies selected from the Russell 3000 Index that have significant corporate governance and other related deficiencies for the 2005 proxy season,” OPERS said in its tender notice.
“The selected firm will work with OPERS staff to develop screening criteria, screen the portfolio based on the selected criteria, conduct corporate governance and other related research and provide consulting services after the companies have been identified, selected and placed on the OPERS focus list.”
The domestic Proxy Vote Disclosure project is ongoing and according to OPERS, will include comprehensive vendor support for OPERS disclosure of proxy votes cast on its website, by company on an issue-by-issue basis, including a brief rationale for the vote, with vendor email support services to respond to initial inquiries from the public.
Deadline for tender is 20 December, 2004.
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