We thoughtfully consider our voting positions and cast our votes in a manner that encourages good corporate governance to enhance long-term shareholder value.

To guide our voting decisions, Ontario Teachers’ Pension Plan has developed Corporate Governance Principles and Proxy Voting Guidelines. These are reviewed annually and updated as needed.

The guidelines listed below reflect our voting policies for 2012. Guidelines noted as “new” or “revised” reflect changes made at the end of 2011.