CalSTRS Releases First Annual Corporate Governance Report

The Harvard Law School Forum on Corporate Governance and Financial Regulation 2013-10-10

Summary:

Editor's Note: Anne Sheehan is Director of Corporate Governance at the California State Teachers’ Retirement System. The following post relates to the CalSTRS Corporate Governance 2013 Annual Report, available here.

The California State Teachers’ Retirement System (CalSTRS) was established in 1913 for the benefit of California’s public school teachers. This year we celebrate our 100th anniversary serving the retirement needs of our 862,000 members and beneficiaries. The long-term nature of CalSTRS liabilities, and our responsibilities as fiduciaries to the educators of California, makes us keenly interested in governance issues that affect our investment portfolio. We expect the companies in our portfolio to be responsible stewards of our capital and we have an obligation to effectively engage those companies while balancing risks and rewards.

This year, CalSTRS published its inaugural corporate governance report to communicate our governance program priorities to the investment community. While we pursue a variety of initiatives throughout the year, our engagements focused on four main themes:

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Link:

http://blogs.law.harvard.edu/corpgov/2013/10/10/calstrs-releases-first-annual-corporate-governance-report/

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sustainability diversity practitioner publications boards of directors executive compensation pay for performance say on pay shareholder voting calstrs majority voting anne sheehan

Authors:

Anne Sheehan, California State Teachers' Retirement System,

Date tagged:

10/10/2013, 12:00

Date published:

10/10/2013, 09:37