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.
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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