Council of Institutional Investors Elects CalSTRS Anne Sheehan as Chair
WEST SACRAMENTO, CA – Anne Sheehan, director of corporate governance at CalSTRS, the California State Teachers’ Retirement System, has been elected chair of the Council of Institutional Investors (CII). CII is a nonprofit association of pensions and other employee benefit funds, endowments and foundations. CII is a leading voice for good corporate governance and strong shareowner rights.
Sheehan joined CalSTRS in October 2008 as the new director of corporate governance with nearly three decades of senior management and leadership experience addressing complex legislative, regulatory and public finance issues.
Prior to CalSTRS, Sheehan served as chief deputy director for policy at the California Department of Finance, where she sat as a member of the CalSTRS board, in addition to more than 40 other high-profile state boards, commissions and public authorities. Sheehan also has Washington policy experience, having served as the deputy assistant secretary for Congressional Affairs with the U.S. Department of Energy.
She is a member of the NASDAQ Listing Council and a Board Member of the Northern California Chapter of the National Association of Corporate Directors. Sheehan was named one of the 100 most influential people on corporate governance by Directorship magazine in 2008, 2009 and 2010. She is a graduate of the University of Colorado and lives in Sacramento.
In keeping with CII’s bylaws, Sheehan was elected chair by the organization’s public pension fund members. She is one of 15 board members elected at CII’s 2012 Spring Conference in Washington, D.C.
The California State Teachers’ Retirement System, with a portfolio valued at $152 billion as of February 29, 2012, 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 856,000 public school educators and their families from the state’s 1,600 school districts, county offices of education and community college districts.
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