December 21, 2021 Updated 12:34 P.M ET
TALLAHASSEE (FCV) – Florida Governor Ron DeSantis (R) held a meeting with the State Board of Administration where he moved to revoke all proxy voting authority that’s been given to outside fund managers.
The move clarifies the state’s expectation that all fund managers should act solely in the financial interest of Florida’s funds.
He also plans on conducting a survey of all of the investments of the Florida Retirement System to determine how many assets the state has in Chinese companies.
“If you look at how these major companies behave when faced with Chinese disapproval, they censor what the CCP tells them to censor and we see groveling apologies,” DeSantis said.
“Go back a generation, and the idea of the American elites was, ‘If we allow China into the WTO and give them the most favored nation status, that will make China more like us.’ This experiment has failed and it has endangered our nation’s national and economic security.”
DeSantis will use the votes taken by the Board of Administration to build upon his actions taken earlier this year to combat woke corporate ideology and destructive foreign influence.
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