Five superannuation funds are expected to sign on to the Australian Council for Super Investors' (ACSI) Global Proxy Voting Service, which launches next month.
Ann Byrne, chief executive at ACSI, said the council is pleased with the initial amount of support the service has received.
She said the service's international guidelines would be sent to members shortly and the voting process will start 1 January.
Independent governance analysis and proxy voting services firm, Glass, Lewis & Co, is providing the proxy voting service to ACSI.
The Global Proxy Voting Service allows the council's members to vote the proxies of companies they invest in. The service provides a complete voting package for 500 of the largest stocks in the US, Canada, UK and Europe.
Byrne said super funds would be forced to navigate through different red tape for each company they invest in without the service.
