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.
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.
The Diverse Director DataSource, known as “3D,” will offer shareowners, companies and other organizations a facility from which to recruit individuals whose experience, skills and knowledge qualify them to be a candidate for a director’s seat.
Drawing from a growing source of investment talent, shareholders and companies can recruit directors from a data pool of candidates with global diversity across a spectrum of experience. They will bring fresh perspectives that deliver long-term value.
CalSTRS believes there is demonstrated economic value from having a diverse board of directors. That makes the composition of boards a shareholder value issue.
GMI Ratings, an independent, third-party vendor, operates 3D. It offers a customized service accessible through a paid subscription.
If you’re interested in being considered for inclusion in the Diverse Director DataSource, visit www.GMI3D.com.
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.
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