6 10, 2020

Controller Yee: ‘More work’ ahead for CalPERS board

2020-10-06T09:46:02-07:00October 6th, 2020|Categories: Corporate Governance|Tags: , , |

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 [...]

25 11, 2019

CalPERS diversity strategy using strength in numbers

2019-11-25T08:33:43-08:00November 25th, 2019|Categories: Retirement|Tags: , , |

CalPERS has a well-developed plan to encourage diversity on public company boards on its own and as part of industry organizations, but when it comes to private companies, officials at the largest pension plan in the country are choosing to work as part of an industry group rather than go it alone. Asset owners haven't tackled the issue of diversity at private companies until relatively recently. But as the number of private companies choosing to stay private longer increases, [...]

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