public pensions; proxy voting

Summary

The bill adds new rules for anyone who manages a public pension plan in Arizona. Fiduciaries must vote the plan’s shares to maximize participants’ risk‑adjusted returns, and they must document an economic analysis whenever they vote against the issuer’s board recommendation. An annual report of those votes and analyses must be sent to the state treasurer.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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