The pension funds included the $322.3 billion California Public Employees’ Retirement System; $206.5 billion California State Teachers’ Retirement System; $189.4 billion Florida State Board of Administration; C$316.7 billion ($235.4 billion US) Canada Pension Plan Investment Board; $133.2 billion Texas Teacher Retirement System; and the C$175.6 billion ($130.4 billion US) Ontario Teachers’ Pension Plan. While five of the funds supported both proposals, the Ontario Teachers’ Pension Plan supported only the proxy-access proposal. Small companies usually lag behind that adoption, but for companies the size of Wal-Mart, it’s significantly taken adoption. According to a May report, proxy-advisory firm Institutional Shareholder Services also sided with the pension plans’ suggestions. It’s relative to the stock performance and the shareowners view of the board, which can change over time,” Williams said.