RI has partnered with the Committee on Workers Capital (CWC) to publish a series of CWC Trustee Profile interviews with union-nominated pension fund trustees that touch on the role of individual board members in driving innovation around responsible investment at their funds. This installment is with Sharon Hendricks, Vice-Chair of the CalSTRS Board of Trustees.
WEST SACRAMENTO, CA– The California State Teachers’ Retirement System (CalSTRS) today hailed House approval of the Wall Street Reform and Consumer Protection Act of 2009 as an important step to help avoid a repeat of the nation’s financial crisis.
WEST SACRAMENTO, CA– The California State Teachers’ Retirement System today endorsed a new code of responsibility for institutional investors, becoming the first US-based fund to back the policy, which it called a “standard for good corporate governance.”
WEST SACRAMENTO, CA– The California State Teachers’ Retirement System (CalSTRS) today praised congressional action led by Representative Maxine Waters (D-CA) aimed at holding corporate boards more accountable. Rep. Waters’ amendment will empower the Securities and Exchange Commission to make it easier for shareholders to nominate corporate directors.
WEST SACRAMENTO, CA– The California State Teachers’ Retirement System (CalSTRS) today announced support for a dissident slate of director candidates for the board of Texas Industries. CalSTRS owns more than 67,700 shares of Texas Industries (TXI), accounting for 0.24 percent of shares outstanding.
WEST SACRAMENTO, CA– California State Teachers’ Retirement System (CalSTRS) is expanding its Pension2® personal wealth plan investment choices. The fund lineup has increased from 14 to 22, giving members more options and greater investment flexibility. The changes became effective October 1, 2009.
WEST SACRAMENTO, CA– The California State Teachers’ Retirement System (CalSTRS) today launched a search for a firm to serve as the general consultant to the Investment Committee. The final filing date for proposals is October 22, 2009.
WEST SACRAMENTO, CA– Low inflation is usually a good thing for California’s retired educators because it means basic CalSTRS benefits are keeping up with costs. But for those who have been receiving supplemental benefit payments, it will also mean reduced or no payments beginning Oct. 1, 2009.
WEST SACRAMENTO, CA– Firms named in six of eight shareholder proposals filed this year agreed to calls by the California State Teachers’ Retirement System (CalSTRS) to seek greater diversity in their board directors.
WEST SACRAMENTO, CA– The California State Teachers’ Retirement System (CalSTRS) supports the Securities and Exchange Commission’s proposed regulations making it easier for shareholders to make nominations to corporate boards.
The proposed SEC rule S7-10-09 addresses concerns that, given the recent market meltdown, focus on whether:
WEST SACRAMENTO, CA – Investment operations at the California State Teachers’ Retirement System (CalSTRS) will continue every business day despite Governor Schwarzenegger’s mandated state employee furloughs.
WEST SACRAMENTO, CA– The California State Teachers’ Retirement System (CalSTRS) has moved its headquarters to West Sacramento. Built to deliver value to CalSTRS members for decades, the new headquarters demonstrates leadership in environmental design and construction as well as improved workplace efficiency and functionality.
SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) is searching for a firm to be the master servicing agent for its home loan program. The selected firm will assist CalSTRS employees in daily operations, record keeping and in the development of execution strategies.
The final filing date for proposals is July 30, 2009, with the selection expected in the fall of 2009.
SACRAMENTO, CA– In a sign that even skeptical companies are “getting” the climate risk message, five firms have agreed with the California State Teachers’ Retirement System (CalSTRS) to improve their greenhouse gas disclosure.
SACRAMENTO, CA– Leading proxy advisor, RiskMetrics Group, states a California State Teachers’ Retirement System resolution filed with Liberty Global Inc. warrants shareholder support. The CalSTRS resolution, if enacted, would result in a diverse board of directors.
Proposal #3, filed by CalSTRS, calls for Liberty Global to:
SACRAMENTO, CA– The California State Teachers’ Retirement System (CalSTRS) announced today its most comprehensive, transparent disclosure of proxy votes ever.
The degree and convenience of disclosure this effort offers is unique among institutional investors. Using online postings, CalSTRS will make its votes known before the annual meetings of its more than 3,800 holdings in North America.
SACRAMENTO, CA– With risky behavior and excessive executive pay blamed for fueling the economic crisis, the California State Teachers’ Retirement System (CalSTRS) is calling for more responsible executive pay policies.
Sacramento, CA– On the eve of Earth Day observances, a new report calls for an energy revolution in the operation of electric utilities if greenhouse gas emissions are to be significantly reduced. The report raises the question of how much electric utilities will need to pay for their ongoing carbon emissions and analyzes current levels of risk disclosure to investors.
Sacramento, CA– The California State Teachers’ Retirement System today announced Trish Taniguchi and Glen Blacet as co-directors of the newly created asset class of Global Equities.
The new Global Equities Portfolio, approved in February 2009, resulted from a determination that splitting equities into U.S. and non-U.S. asset classes was not an effective approach to diversification.
Sacramento, CA– Brocade Communications shareowners today supported proposals by California’s two largest pensions to do away with the company’s supermajority vote requirement and to elect all directors annually.
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.