WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) announced today its decision to vote 4.3 million shares against a proposal at the June 16, 2015, Toyota Motor Corporation annual shareholder meeting that would create a dual-class share voting structure.
CalSTRS is administered by a 12-member Teachers’ Retirement Board. The board sets the policies and makes rules for the system and is responsible for ensuring benefits are paid by the system in accordance with law.
The CalSTRS Teachers’ Retirement Board includes three member-elected positions representing current educators, an appointed retired CalSTRS member, three appointed public representatives, an appointed school board representative and four members who serve in an ex-officio capacity.
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