WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) received its final $15.6 million payment of compensation from the 1997 sale of the Elk Hills Naval Petroleum Reserve as part of the $1.1 trillion budget appropriation bill signed into law today by the President.
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.
CalSTRS Business Plan provides essential information on the current fiscal year, including the strategy map, the Teachers’ Retirement Board priorities and planned outcomes. CalSTRS Strategic Plan is a guide for the future of CalSTRS as an organization.
This five-year plan contains long-range goals (what we want to achieve), objectives (measurable ways that we describe how we plan to achieve the defined long-range goals) and initiatives (specific projects, programs, activities or actions to help us achieve our objectives).
The CalSTRS Strategic Plan for FY 2012-13 through 2016-17 was adopted by the Teachers’ Retirement Board on April 12, 2012, and is effective as of July 1, 2012.
Progress on the business plan and overarching strategic plan is reported and evaluated annually through an Accomplishments Report to the board.
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