House Resolution No. by Representative Melerine urges each state retirement system in Louisiana to submit written reports detailing their proxy voting results for the previous calendar year. These reports are to be submitted to the House Committee on Retirement no later than sixty days before the start of the 2025 and 2026 Regular Sessions of the Legislature. The resolution highlights the increasing prevalence of politically motivated shareholder proposals, particularly those related to environmental and social issues, which may conflict with the fiduciary responsibilities of public company boards and could negatively impact the economic performance of the state’s investments.

The resolution emphasizes the need for transparency in the voting records of state retirement systems, particularly in light of the influence of unregulated proxy advisory firms that may promote agendas contrary to the interests of Louisiana's residents and pension investments. By requiring these reports, the legislature aims to better understand the implications of proxy voting and to inform potential legislative actions to address any adverse effects stemming from the recommendations of proxy advisory firms.