WEST SACRAMENTO, Calif. – CalSTRS voted its 11.6 million shares against long-tenured board members John D. Baker II, John S. Chen, Lloyd H. Dean, Enrique Hernandez, Jr., Donald M. James, Cynthia H. Milligan, Federico F. Peña, Stephen W. Sanger, and Susan G. Swenson. These board members failed in their duty to shareholders to identify the weaknesses in the company’s risk and oversight mechanisms.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today announced that Governor Brown has appointed Karen Yamamoto to the California State Teachers’ Retirement Board. The board oversees the retirement benefits for California’s prekindergarten–12 and community college educators covered under the California State Teachers’ Retirement System (CalSTRS).
CalSTRS and CalPERS together established a database of prospective directors, known as the Diverse Director DataSource.
The Diverse Director DataSource, called ”3D,” offers shareowners, companies and other organizations a single website from which to recruit diverse individuals whose experience, skills and knowledge qualify them to be a candidate for a director’s seat.
Recently, CalSTRS and CalPERS announced that 3D will now be available in the Equilar Diversity Network. 3D was previously housed with MSCI ESG Research, which played an instrumental role in starting the database.
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. We believe the composition of boards is a shareholder value issue.
The new partnership of having 3D in the Equilar Diversity Network marks an exciting milestone. 3D will now join the suite of searchable sources within the Equilar BoardEdge platform, making the resource even more valuable for both companies and candidates.
We encourage qualified diverse candidates that are interested in serving on a board, or directors already serving on corporate boards, to consider inclusion in 3D and the vast network of directors in Equilar’s Diversity Network.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System and the California Public Employees’ Retirement System today announced the Diverse Director DataSource (3D) will now be available through the Equilar Diversity Network.
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.
The California State Teachers’ Retirement System website has been developed in compliance with California Government Code §11135, which requires that all electronic and information technology developed or purchased by the State of California is accessible to people with disabilities. There are various types of physical disabilities that impact user interaction on the web. Vision loss, hearing loss, limited manual dexterity, and cognitive disabilities are examples, with each having different means by which to access electronic information effectively.