Proxy Voting

Proxy Voting

Overview
News release

CalSTRS Praises Congressional Action on Financial Reform Legislation, Urges Swift Passage by House and Senate
Agreement affirms SEC authority to write rules giving shareholders proxy access.

WEST SACRAMENTO, CA– The California State Teachers’ Retirement System (CalSTRS) today praised action by Senate and House negotiators to reach agreement on financial regulatory reform legislation. The full House and Senate are expected to act on the measure next week.

News release

CalSTRS Urges Support of Sustainability Resolution at Chesapeake Energy
Two key proxy advisor firms support call for sustainability report by directors at Chesapeake Energy.

WEST SACRAMENTO, CA– A resolution proposed by the California State Teachers’ Retirement System (CalSTRS) calls on Chesapeake Energy Corporation (NYSE: CHK) to issue a sustainability report on environmental, social and governance (ESG) issues, focusing on greenhouse gas emissions and its plans to manage emissions. It is the first shareholder resolution on sustainability reporting submitted for consideration at Chesapeake.

News release

CalSTRS to Oppose Occidental Petroleum Executive Compensation Advisory Vote
Letter to director critical of ‘wildly excessive pay’ in excess of peer group median.

 WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) announced today it will vote against the advisory vote approving executive compensation and the election of all incumbent board members at Occidental Petroleum’s (NYSE: OXY) 2010 Annual Meeting in Los Angeles on May 7.

News release

CalSTRS ‘Poison Pill’ Resolution Earns Support of Two Proxy Advisor Firms
Resolution calls for shareholder approval of corporate defense measures at Ball Corporation.

WEST SACRAMENTO, CA – A resolution proposed by the California State Teachers’ Retirement System (CalSTRS) at Ball Corporation (NYSE: BLL) warrants shareholder support, according to two leading proxy advisor firms.

RiskMetrics and Glass Lewis each recommend a FOR vote for the CalSTRS resolution which, if enacted at Ball Corporation’s annual meeting on April 28 in Broomfield, Colo., would require that any poison pills adopted by the company be ratified by shareholders within 12 months.

News release

CalSTRS Supports Key Provisions in Financial Reform Bill
Corporate governance provisions strengthen shareholder’s rights.

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced its support of federal financial reform legislation introduced by Sen. Christopher Dodd, D-Connecticut.

The bill cleared its first hurdle earlier this week by moving out of the Senate Banking Committee, chaired by Sen. Dodd. The proposed legislation contains corporate governance measures that give large, long-term shareholders proxy access, require a majority vote for directors in uncontested elections, and a say on pay.

News release

Government Funds Urge Proxy Access in Financial Reform Bill
Provision giving shareholders access to nominate corporate directors draws strong endorsement.

 WEST SACRAMENTO, CA  – A nationwide organization of state and local government pension funds and plan sponsors, including the California State Teachers’ Retirement System, the Colorado Public Employees Retirement Association and the Connecticut Retirement Plans and Trust Funds, today supported corporate governance reforms contained in a financial regulatory reform bill introduced this week by Sen.

News release

CalSTRS Praises Congressional Action Increasing Board Accountability
Representative Waters’ amendment strengthens SEC authority.

WEST SACRAMENTO, CA– The California State Teachers’ Retirement System (CalSTRS) today praised congressional action led by Representative Maxine Waters (D-CA) aimed at holding corporate boards more accountable. Rep. Waters’ amendment will empower the Securities and Exchange Commission to make it easier for shareholders to nominate corporate directors.

News release

CalSTRS Backs Dissident Candidates for Texas Industries Board

 WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced support for a dissident slate of director candidates for the board of Texas Industries. CalSTRS owns more than 67,700 shares of Texas Industries (TXI), accounting for 0.24 percent of shares outstanding.

News release

CalSTRS Comments on SEC Rules for Better Proxy Access
Proposed rules would make it easier for shareowners to nominate candidates to boards.

 WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) supports the Securities and Exchange Commission’s proposed regulations making it easier for shareholders to make nominations to corporate boards.

The proposed SEC rule S7-10-09 addresses concerns that, given the recent market meltdown, focus on whether:

News release

CalSTRS Improves Proxy Vote Transparency
CalSTRS offers public access to all its proxy votes through online services.

 SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) announced today its most comprehensive, transparent disclosure of proxy votes ever.

The degree and convenience of disclosure this effort offers is unique among institutional investors. Using online postings, CalSTRS will make its votes known before the annual meetings of its more than 3,800 holdings in North America.