WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s (CalSTRS) Corporate Governance 2014 Annual Report shows its engagement with small-cap companies yielded remarkable progress in the adoption of majority voting standards for the election of corporate directors.
The Corporate Governance 2014 Annual Report reflects four years of work with small-cap companies—those with a capitalization of $2 billion or less—to adopt the majority-vote standard. The standard requires directors to receive a majority of shareholder support to be elected to the board.
This directive is to notify employers of the change to Education Code section 24214 and the addition of section 26813 contained in Chapter 703, Statutes of 2011 (SB 349—Negrete McLeod) that become effective January 1, 2012.
This directive about Education Code section 22711 is intended to remind employers how to report service for employees granted a compensated leave of absence to serve as elected officials of an employee organization.
This directive contains information for county superintendents of schools, school districts, charter schools, community college districts, and any agency that employs retired members of the Defined Benefit (DB) Program (referred to in this directive as “retired CalSTRS members”) to perform creditable service.
This directive applies to all county superintendents of schools, school districts, community college districts, charter schools and other employing agencies that employ persons to perform creditable service under the California State Teachers’ Retirement System (CalSTRS) Defined Benefit (DB), Defined Benefit Supplement (DBS) and Cash Balance Benefit (CB) programs.
Electronic privacy is crucial for the ongoing success of the Internet as a convenient means to provide customer service. Your personal information will be used only to conduct CalSTRS-related business.