2009 News Releases

2009 news releases

News release

Proxy Advisors Support CalSTRS, CalPERS Resolutions Filed with Brocade Communications
The nation’s leading proxy advisors recommend passage of proposals against bylaws amendments and current board election practices.

 Sacramento, CA – Leading proxy advisors, RiskMetrics Group, Glass Lewis & Co, and Egan-Jones Proxy Services, recommend Brocade Communications’ shareholders support resolutions by California’s two largest pensions. The proposals seek to remove the company’s supermajority vote requirement and to allow directors to be elected annually.

News release

Regulators Require Insurers to Disclose Climate Change Risks and Strategies
State Insurance Commissioners Break New Ground By Mandating Climate Disclosure from World’s Largest Industry

SAN DIEGO, CA– The National Association of Insurance Commissioners (NAIC) today approved a groundbreaking mandatory requirement that insurance companies disclose to regulators and investors the financial risks they face from climate change, as well as actions the companies are taking to respond to those risks.