NEW YORK, NY – The Diverse Director DataSource (3D), a new resource for finding untapped talent to serve on corporate boards, is now open for corporations, search firms and shareowners looking for diverse talent for corporate boards.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) today voted against the Walt Disney Company’s
decision to combine the Chairman and Chief Executive Officer
(CEO) position. CalSTRS also opposed Disney’s compensation plan
for the CEO, calling the governance and nominating committee
actions a return to poor governance practices of the past.
WEST SACRAMENTO, CA – Since its inception, Facebook has created a
new way for the world to communicate. What started in a college
dorm room, Mark Zuckerberg turned into a great enterprise that
revolutionized social networking.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) applauds the appointment of its longtime
corporate governance partner, Ralph Whitworth, to the
Hewlett-Packard Board of Directors.
The California State Teachers’ Retirement System (CalSTRS)
applauds the appointment of its longtime corporate governance
partner, Ralph Whitworth, to the Hewlett-Packard Board of
Directors.
While CalSTRS is disappointed with the outcome of today’s News
Corp. annual meeting, we are not surprised, given the
disenfranchisement of certain shareholders.
However, we are heartened by the strong showing of support for
governance changes at the company. The high number of withholds
for certain directors demonstrates the strong desire of
unaffiliated shareholders, such as CalSTRS, for a more
independent board. In addition, the large negative vote on News
Corp.’s say-on-pay proposal shows a greater need for alignment of
interest between shareholders and management.
WEST SACRAMENTO,
CA– The Diverse Director
DataSource, a new resource for finding untapped talent to serve
on corporate boards, is now open to qualified candidates.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System withdrew all eight of its board diversity shareholder
proposals filed during the 2011 proxy season after successfully
engaging companies to consider diversity in director searches.
In recent years, the issues of board of director leadership and
oversight roles have taken on increased significance to long-term
investors, such as CalSTRS. Today’s economic challenges highlight
the importance that board diversity plays in enhancing value and
providing companies with a full range of fresh talent and
experience.
SACRAMENTO, CA - The
California State Teachers’ Retirement System (CalSTRS) and the
California Public Employees’ Retirement System (CalPERS) are
working with an Advisory Panel of leading corporate governance
experts to develop a new digital resource devoted to finding
untapped diverse talent to serve on corporate boards.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (“CalSTRS”) and Relational Investors LLC (“Relational”)
endorse the decisive initiatives announced today by Occidental
Petroleum Corporation (“the Company”) relating to CEO succession
planning, executive compensation reform, and board composition.
WEST SACRAMENTO, CA– The
California State Teachers’ Retirement System (CalSTRS) today
announced support for a dissident slate of director candidates
for the board of Texas Industries. CalSTRS owns more than 67,700
shares of Texas Industries (TXI), accounting for 0.24 percent of
shares outstanding.
WEST SACRAMENTO, CA– Firms
named in six of eight shareholder proposals filed this year
agreed to calls by the California State Teachers’ Retirement
System (CalSTRS) to seek greater diversity in their board
directors.
SACRAMENTO, CA– Leading
proxy advisor, RiskMetrics Group, states a California State
Teachers’ Retirement System resolution filed with Liberty Global
Inc. warrants shareholder support. The CalSTRS resolution, if
enacted, would result in a diverse board of directors.
Proposal #3, filed by CalSTRS, calls for Liberty Global to:
