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.
The legislative efforts supported by the Teachers’ Retirement Board during each session of the California Legislature are consistent with CalSTRS’ goals to:
Expand upon and raise the quality of the benefits, products and services offered by CalSTRS;
Improve the delivery of CalSTRS benefits, services and products;
Preserve the assets and minimize the liabilities of the funds administered by CalSTRS;
Advance policies and practices that ensure a financially sound retirement system, while exploring opportunities for innovation.
Each year the Legislature introduces legislation that affects CalSTRS. Listings of CalSTRS legislation include the bill number, authors, CalSTRS’ bill analyses, bill summary, the board’s official position and the bill’s status in the Legislature. Also included is the text of the current and any prior versions of the bill and analyses of bills by the various legislative committees.
Updates regarding CalSTRS regulatory activities can also be accessed through this site.
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