2010 News Releases

2010 News Releases

Overview
News release

CalSTRS ‘Poison Pill’ Resolution Earns Support of Two Proxy Advisor Firms
Resolution calls for shareholder approval of corporate defense measures at Ball Corporation.

WEST SACRAMENTO, CA – A resolution proposed by the California State Teachers’ Retirement System (CalSTRS) at Ball Corporation (NYSE: BLL) warrants shareholder support, according to two leading proxy advisor firms.

RiskMetrics and Glass Lewis each recommend a FOR vote for the CalSTRS resolution which, if enacted at Ball Corporation’s annual meeting on April 28 in Broomfield, Colo., would require that any poison pills adopted by the company be ratified by shareholders within 12 months.

News release

Jerilyn Harris Elected Chair of CalSTRS Board
Harry Keiley elected Vice–Chair.

SACRAMENTO, CA – Trustees of the California State Teachers´ Retirement System (CalSTRS) unanimously elected Jerilyn Harris as chair and Harry Keiley as Vice–Chair for the 2010–11 term at their board meeting, Friday April 9, 2010.

The 12–member Teachers´ Retirement Board nominates and elects its chair and vice–chair annually. Members serve four–year terms. The board officers provide leadership to the trustees as they develop policies and provide direction for the nation´s second–largest public pension fund.

News release

CalSTRS Supports Key Provisions in Financial Reform Bill
Corporate governance provisions strengthen shareholder’s rights.

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced its support of federal financial reform legislation introduced by Sen. Christopher Dodd, D-Connecticut.

The bill cleared its first hurdle earlier this week by moving out of the Senate Banking Committee, chaired by Sen. Dodd. The proposed legislation contains corporate governance measures that give large, long-term shareholders proxy access, require a majority vote for directors in uncontested elections, and a say on pay.

News release

CalSTRS Names Director of Global Equity
Trish Taniguchi will oversee $73 billion portfolio.

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced the appointment of Trish Taniguchi as director of the $73.2 billion global equities portfolio.

Taniguchi will direct a staff of 11 who manage the global equities portfolio, which accounts for more than 55 percent of the $132.6 billion CalSTRS investment portfolio as of February 28, 2010. The announcement is effective immediately.

News release

Government Funds Urge Proxy Access in Financial Reform Bill
Provision giving shareholders access to nominate corporate directors draws strong endorsement.

 WEST SACRAMENTO, CA  – A nationwide organization of state and local government pension funds and plan sponsors, including the California State Teachers’ Retirement System, the Colorado Public Employees Retirement Association and the Connecticut Retirement Plans and Trust Funds, today supported corporate governance reforms contained in a financial regulatory reform bill introduced this week by Sen.

News release

CalSTRS Names Director of Private Equity
Margot Wirth takes the reins of $16.8 billion portfolio.

WEST SACRAMENTO, CA – California State Teachers Retirement System (CalSTRS) officials today announced Margot Wirth as director of the $16.8 billion private equity portfolio.

Wirth assumes her duties today and will direct staff of 20 who manage the private equity portfolio, which accounts for 12.7 percent of the $132.6 billion CalSTRS investment portfolio as of February 28, 2010.

News release

CalSTRS Effort Improves Climate Risk Disclosure
SEC approves initiative to help investors make informed decisions.

WEST SACRAMENTO, CA– The California State Teachers’ Retirement System today applauded a decision by the Securities and Exchange Commission to improve disclosure of climate risk in securities filings.

By a 3-2 vote, SEC commissioners meeting today in Washington, D.C., approved the new initiative to improve corporate disclosure and accountability. CalSTRS considers the SEC vote a first step in addressing the impact of climate change risk on its portfolio companies.