CalSTRS Aeisha Mastagni Elected to ICGN Board
Mastagni to serve one-year term with International Corporate Governance Network
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today announced the election of Corporate Governance Investment Officer Aeisha Mastagni to the Board of Directors of the International Corporate Governance Network (ICGN).
Mastagni joins an international group of highly influential individuals from such investment firms as, Mirova, France; J-Eurus IR Co. Ltd., Japan; and, London School of Business, UK.
“Aeisha’s election to the ICGN board truly complements our governance efforts,” remarked CalSTRS Director of Corporate Governance Anne Sheehan. “Her new position is an added asset to CalSTRS well-recognized global footprint on advancing governance practices.”
CalSTRS Chief Investment Officer Christopher J. Ailman stated, “As a major global asset owner, I am pleased that the membership elected a CalSTRS representative. I had the pleasure of serving on the ICGN board from 2009 to 2013; Aeisha’s presence on the board is an opportunity for us to maintain a leadership position in international governance.”
ICGN is an investor-led organization of governance professionals focused on the development and promotion of corporate governance standards and guidelines. Board members serve a one-year term. “Improved corporate governance practices add value to a portfolio and mitigate risk,” said Ms. Mastagni. “I am honored to be part of a premier governance organization such as ICGN, working to enhance the marketplace for all investors.”
The California State Teachers’ Retirement System, with a portfolio valued at $184.8 billion as of May 31, 2014, is the largest educator-only pension fund in the world. CalSTRS administers a hybrid retirement system, consisting of traditional defined benefit, cash balance and voluntary defined contribution plans. CalSTRS also provides disability and survivor benefits. CalSTRS serves California’s 868,000 public school educators and their families from the state’s 1,600 school districts, county offices of education and community college districts.