SEC Appoints CalSTRS Anne Sheehan to Investor Advisory Committee
Director of Corporate Governance Anne Sheehan among the SEC's 21 selected
WEST SACRAMENTO, CA – Anne Sheehan, director of corporate governance at CalSTRS, has been appointed to the Securities and Exchange Commission’s Investor Advisory Committee, a requirement of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The five sitting SEC commissioners nominated the committee’s 21 members.The Investor Advisory Committee was established to advise the SEC on a number of regulatory priorities, and initiatives to protect investor interests.
“Anne’s tenacity in protecting CalSTRS’ investments combined with her tireless advocacy for shareholder rights makes her a natural fit for the Investor Advisory Committee,” said CalSTRS Chief Investment Officer Christopher Ailman. “Her appointment to the committee adds prestige to CalSTRS and acknowledges Anne’s influence in the area of investor advocacy.”
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 Teachers’ Retirement Board, the governing body of CalSTRS, 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 was recently elected Chair of the Council of Institutional Investors, is a member of the NASDAQ Listing Council and is 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 in corporate governance by Directorship magazine in 2008, 2009 and 2010. She is a graduate of the University of Colorado and lives in Sacramento.
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.