CalSTRS has been vigorously engaged in corporate governance issues for more than 20 years and executive compensation remains a centerpiece of that effort.
CalSTRS believes that a thorough review of pay practices is an important fiduciary duty for both boards of directors of corporations and institutional investors.
Our principles for executive compensation are based on a philosophy that:
- Promotes alignment of interests between management and shareholders.
- Promotes and creates long-term value.
- Is flexible enough to address changing market conditions.
Read CalSTRS news releases discussing executive compensation.