CalSTRS Leaders Named Among Most Influential in Corporate Governance
CEO Jack Ehnes and Corporate Governance Director Anne Sheehan are named on the NACD 100 most influential corporate governance leaders list
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) announced today the naming of Chief Executive Officer Jack Ehnes and Director of Corporate Governance Anne Sheehan to the National Association of Corporate Directors’ list of the 100 most influential corporate governance professionals for 2011.
“It is truly an honor to be included with my colleague Anne Sheehan, and fellow professionals such as Roger Ferguson of TIAA-CREF, Nell Minnow of Governance Metrics International, and Ann Yerger of the Council of Institutional Investors,” said CalSTRS CEO Jack Ehnes. “Coming from such an esteemed organization as NACD, this honor validates the hard work and dedication that the CalSTRS corporate governance staff have demonstrated in their promotion, encouragement and insistence on exemplary corporate governance from our portfolio companies.”
This year’s NACD Directorship 100 honorees have demonstrated their commitment to upholding the highest standards and best practices in corporate governance, as well as helping to promote NACD’s initiatives to further boardroom diversity.
“The D100 honorees represent the most influential leaders whose decisions impact both Wall Street and Main Street and echo around the globe,” said Kenneth Daly, president and CEO of NACD. “As the voice of the director, it is important for NACD to help set the standard by recognizing these visionaries as examples to others.”
The methodology to determine the NACD Directorship 100 finalists includes a review of quantitative results from an NACD Directorship survey of NACD members, search engine rankings, as well as qualitative measures including peer input from NACD chapters, expert review, major media references, and review by an editorial advisory board for each of the more than 1,000 nominations. Directors and Officers on the list are chosen for their individual attributes, not because of the board on which they serve. Conversely, honorees in Governance Institutions and Professionals are included based on the influence of the organizations they serve.
The California State Teachers’ Retirement System, with a portfolio valued at $146.6 billion as of August 31, 2011, is the largest teacher pension fund and second largest public pension fund in the United States. CalSTRS administers a hybrid retirement system, consisting of a traditional defined benefit, cash balance and defined contribution plan, as well as disability and survivor benefits. CalSTRS serves California’s 852,000 public school educators and their families from the state’s 1,600 school districts, county offices of education and community college districts.