CalSTRS Investment Officer Aeisha Mastagni Elected to CII Board
Mastagni to serve one-year term with Council of Institutional Investors
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today announced that Corporate Governance Investment Officer Aeisha Mastagni was elected to the board of directors of Council of Institutional Investors (CII).
Ms. Mastagni joins a highly respected board of directors from public, union and corporate employee benefit funds across the country, including North Carolina Retirement Systems, International Brotherhood of Teamsters and Target Corporation.
CalSTRS Chief Executive Officer Jack Ehnes remarked: “As founding members of CII, we’ve long had representation on its board and in leadership positions. Ms. Mastagni is a well-known advocate of shareholder rights. The election of Ms. Mastagni to CII’s board enhances CalSTRS’ leadership position on corporate governance issues–most recently proxy access–to not only safeguard the retirement savings of CalSTRS beneficiaries, but to safeguard those of all shareholders.”
“The addition of Ms. Mastagni to CII’s board is good for CalSTRS,” said CalSTRS Director of Corporate Governance Anne Sheehan. “Her detailed knowledge of corporate governance principles is a big advantage as poor governance practices and their consequences in some major companies are making headline news.”
“Good corporate governance is essential to the long-term health of any portfolio,” stated Ms. Mastagni. “Serving on the board of CII provides me the opportunity to pursue foundational governance policy changes with a group known for its ability to stand strong against popular dissent and succeed.”
CII is a nonprofit association of pension funds, other employee benefit funds, endowments and foundations and the leading voice for effective corporate governance and strong shareowner rights. Ms. Mastagni was named to the board on March 31, 2015 for a one-year term.
The California State Teachers’ Retirement System, with a portfolio valued at $191.2 billion as of March 31, 2015, 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 879,000 public school educators and their families from the state’s 1,700 school districts, county offices of education and community college districts.