Corporate Governance News Releases

News release Ricardo Duran

CalSTRS 2014 Proxy Season Advances Majority Voting Standard
Focus on small cap companies continues to create positive governance changes

Image of CalSTRS 2014 Proxy Season Advances Majority Voting Standard

WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today announced overwhelming corporate governance success during the 2014 proxy season, as 86 of the 93 companies it engaged adopted a majority voting standard in corporate board elections.

News release Ricardo Duran

CalSTRS 2013 Proxy Season Advances Majority Voting Standard
Focus on small cap companies proves to be the right move.

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced overwhelming corporate governance success during the 2013 proxy season, as 77 of the 82 companies engaged adopted a majority vote standard in corporate board elections.

News release Ricardo Duran

CalSTRS and Relational Commend Timken Spinoff Plan
The plan respects the will of a majority of shareholders to split into separate steel and bearings businesses.

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) and Relational Investors LLC (Relational) commended The Timken Company’s plan, announced today, to spin off its steel division into a separately traded public company.

Statement Ricardo Duran

CalSTRS’ Statement on the SEC Proposed Rule for Executive Compensation Disclosure

WEST SACRAMENTO, CA – Yesterday, the Securities and Exchange Commission released a proposed rule that would require all public companies to disclose a comparison of the Chief Executive Officer’s (CEO) compensation to that of the median income of company employees—otherwise known as pay ratio disclosure.

News release Ricardo Duran

CalSTRS Analysis of 2011 Say-on-Pay Proxy Voting Available Online
CalSTRS Corporate Governance offers a lessons learned analysis for the first year of mandatory say-on-pay for most U.S. Corporations

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) released, “Lessons Learned: The Inaugural Year of Say-on-Pay,” its analysis of shareholders’ ability to vote on executive compensation, known as say-on-pay, during the 2011 proxy season.

News release

CalSTRS to Oppose Occidental Petroleum Executive Compensation Advisory Vote
Letter to director critical of ‘wildly excessive pay’ in excess of peer group median.

 WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) announced today it will vote against the advisory vote approving executive compensation and the election of all incumbent board members at Occidental Petroleum’s (NYSE: OXY) 2010 Annual Meeting in Los Angeles on May 7.

News release Ricardo Duran Charlotte Laurent-Ottomane

CalSTRS and The Thirty Percent Coalition Expand Campaign For More Women on Corporate Boards
The Thirty Percent Coalition is reaching out to Russell 1000 companies lacking women board directors.

WEST SACRAMENTO, Calif. – Institutional investors representing more than $3 trillion in assets under management, along with some of the nation’s leading women’s organizations, sent letters to 100 companies in the Russell 1000 Index that lack women on their boards of directors, urging them to embrace gender diversity.

News release Ricardo Duran

CalSTRS Gets Rapid Response to Board Diversity Effort
131 California companies with no women on their boards of directors receive offers of help

WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS), in collaboration with the California Public Employees’ Retirement System (CalPERS), sent the 131 California companies in their portfolios that lack women directors a letter offering their combined expertise to help diversify their boards.

News release Ricardo Duran

CalSTRS Aeisha Mastagni Elected to ICGN Board
Mastagni to serve one-year term with International Corporate Governance Network

WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today announced the election of Corporate Governance Investment Officer Aeisha Mastagni to the Board of Directors of the International Corporate Governance Network (ICGN).

News release Gretchen Zeagler

U.S. Insurance Companies’ Response to Climate Change Impacts Investment Risks
CalSTRS says new report shows more action from the insurance sector is needed

WEST SACRAMENTO, Calif. – A new report from Ceres ranks the nation’s 330 largest insurance companies on their response to climate-related risks and finds a profound lack of preparedness. CalSTRS currently holds $4.3 billion of investments in the insurance sector, which represents 2.4 percent of the overall portfolio. CalSTRS believes that climate-related risks and opportunities can affect the performance of its investments.

News release Ricardo Duran

CalSTRS ‘Green Team’ Releases 2013 Annual Report
Fixed Income Green Program 900 basis points higher than reported in 2012

WEST SACRAMENTO, CA – California State Teachers’ Retirement System (CalSTRS) today announced the release of the Green Initiative Task Force’s seventh annual report detailing investment activities in environmental risk management and seized opportunities.

News release Michael Sicilia

Investors Ask Fossil Fuel Companies to Assess How Business Plans Fare in Low-Carbon Future
Coalition of 70 investors worth $3 trillion call on world’s largest oil & gas, coal and electric power companies to assess risks under climate action and ‘business as usual’ scenarios.

WEST SACRAMENTO, CA – A group of 70 global investors managing more than $3 trillion of collective assets today launched the first-ever coordinated effort to spur 45 of the world’s top oil and gas, coal and electric power companies to assess the financial risks that climate change poses to their business plans.

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