VIII-5.20(A)

UMB Policy on Voting of Proxies in Investment Securities

Financial Affairs

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Responsible VP/AVP

James L. Hughes, MBA

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Applies to Staff

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Policy Statement

BOR Policy VIII-5.20 describes the Chancellor's responsibility for voting all proxies for University of Maryland investment securities. The Chancellor will vote as the management recommends unless special consideration of University responsibility dictates otherwise.

For University of Maryland Foundation, Inc., investment proxies are handled by the various investment management firms.