WEST SACRAMENTO, Calif. (April 15, 2019) – California State Teachers’ Retirement System announced that trustee Sharon Hendricks was elected to the PRI Association Board. As an independent organization, PRI encourages investors to use responsible investment to enhance returns and better manage risks.
Corporate Governance Program Team: Anne Sheehan, Director of Corporate Governance; Brian Rice, Portfolio Manager; Aeisha Mastagni, Portfolio Manager; Philip Larrieu, Investment Officer; Ly Van, Investment Officer; Travis Antoniono, Investment Officer; Eric Kwong, Investment Officer
During fiscal year 2014-15, CalSTRS staff voted on 77,461 proxy proposals at 7,923 meetings, submitted on behalf of 7,110 corporations that were held in the Global Equity portfolio.
The 77,461 proposals were a 3.7 percent increase from the 74,666 proposals staff voted in 2013-14 and the 7,923 meetings considered were only slightly less than the 7,956 meetings considered in 2013-14.
During fiscal year 2014-15, CalSTRS staff voted on 25,404 proposals at 3,083 meetings held for 2,940 companies in the domestic Public Equity portfolio. The proposals covered a variety of topics: the election of directors, the ratification of company auditors, the approval of executive and director compensation plans and the approval of mergers and acquisitions.
During fiscal year 2014-15, CalSTRS staff voted on 52,057 proposals at 4,840 meetings held for 4,170 companies in our non-domestic Public Equity portfolio. The proposals covered a variety of topics including the election of directors, the appointment of company auditors, the ratification of compensation reports, the approval of executive and director compensation plans, and the approval of mergers and acquisitions.
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