RSA Voting Under Scrutiny | Birmingham News

Birmingham AL News Today | 2 Min News | The Daily News Now! · Aug 24, 2026 · 2m

Alabama’s massive public pension fund, RSA, holds billions in investments for state employees and taxpayers—but how it votes on shareholder proposals is shrouded in secrecy. With proposals pushing companies to cut ties with China, overhaul charitable giving, or link DEI/ESG to executive pay, the real question is: are RSA’s votes truly in the beneficiaries’ financial interest? While half of last year’s proposals were withdrawn after companies agreed to changes, the rest faced stiff resistance—often because major proxy advisors didn’t back them. Yet without independent audits, there’s no way to…