WEST SACRAMENTO, Calif. (July 20, 2018) – The California State Teachers’ Retirement System announced that the fund posted a 9.0 percent return (net of fees) for the 2017-18 fiscal year, exceeding the investment assumption of 7.0 percent for the second consecutive year and helping advance the fund towards full funding in the decades ahead. As of June 30, 2018, the total fund value was $223.8 billion.
CalSTRS and CalPERS together established a database of prospective directors, known as the Diverse Director DataSource.
The Diverse Director DataSource, called ”3D,” offers shareowners, companies and other organizations a single website from which to recruit diverse individuals whose experience, skills and knowledge qualify them to be a candidate for a director’s seat.
Recently, CalSTRS and CalPERS announced that 3D will now be available in the Equilar Diversity Network. 3D was previously housed with MSCI ESG Research, which played an instrumental role in starting the database.
Drawing from a growing source of investment talent, shareholders and companies can recruit directors from a data pool of candidates with global diversity across a spectrum of experience. They will bring fresh perspectives that deliver long-term value.
CalSTRS believes there is demonstrated economic value from having a diverse board of directors. We believe the composition of boards is a shareholder value issue.
The new partnership of having 3D in the Equilar Diversity Network marks an exciting milestone. 3D will now join the suite of searchable sources within the Equilar BoardEdge platform, making the resource even more valuable for both companies and candidates.
We encourage qualified diverse candidates that are interested in serving on a board, or directors already serving on corporate boards, to consider inclusion in 3D and the vast network of directors in Equilar’s Diversity Network.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System and the California Public Employees’ Retirement System today announced the Diverse Director DataSource (3D) will now be available through the Equilar Diversity Network.
