Corporate Governance

CalPERS adds commitment to labor issues to proxy-voting guidelines, including DEI

By Rob Kozlowski Source: Pensions & Investments CalPERS may withhold votes from director nominees who show failed oversight and/or a lack of commitment surrounding labor issues such as diversity, equity and inclusion, and also announced it is actively engaging with 16 companies regarding their reported rollback of DEI initiatives. The $533.4 billion California Public Employees’ Retirement System, Sacramento, announced the new policy in a global public equity proxy-voting and corporate engagement update included with materials for its upcoming March [...]

CORPaTH2025-03-13T12:13:13-07:00March 11th, 2025|Categories: Corporate Governance|Tags: CalPERS, labor principles, proxy-voting|

Manager concentration dominates corporate retirement plans. How can smaller managers compete?

By Rob Kozlowski Source: Pensions & Investments U.S. corporate retirement plans are allocating more money to the very largest portfolio managers, and midsize and small managers face the challenge of finding opportunities in an increasingly concentrated market, consultants say. A total of 281 managers provided data on assets managed for non-government retirement plans. And as of Dec. 31, the 25 largest managers of non-government retirement plan assets — each exceeding $80 billion — accounted for $10.25 trillion, a 14.4% [...]

CORPaTH2024-06-06T11:43:57-07:00June 5th, 2024|Categories: Corporate Governance|Tags: corporate retirement plans, portfolio managers|

CalPERS CEO Marcie Frost hopeful CIO will be chosen in first quarter

By Arleen Jacobius Source: Pensions & Investments CalPERS CEO Marcie Frost said she is optimistic that the $483.3 billion pension fund will select a new chief investment officer in the first quarter. The Chief Investment Officer Selection Subcommittee's first round of interviews with potential candidates were scheduled to begin Jan. 17. Frost made the comment at the California Public Employees' Retirement System's Jan. 17 stakeholders meeting. “I know I indicated that the first quarter is the best outcome (to [...]

CORPaTH2024-01-17T15:01:17-08:00January 17th, 2024|Categories: Corporate Governance|Tags: CalPERS, cio, marcie frost|

Controller Yee: ‘More work’ ahead for CalPERS board

Even though CalPERS is taking steps toward fixing its governance problem, officials at the $411.5 billion pension plan say the road ahead is long. California Controller Betty T. Yee, who sits on the boards of both California Public Employees' Retirement System, Sacramento, and the second-largest U.S. public pension plan, the $262.5 billion California State Teachers' Retirement System, West Sacramento, is helping drive the changes. Her duties on both boards give Ms. Yee an unobstructed view of the culture and [...]

CORPaTH2020-10-06T09:46:02-07:00October 6th, 2020|Categories: Corporate Governance|Tags: betty yee, california, CalPERS|