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CalPERS’ sustainability initiative drives investment beliefs

Launched this week, CalPERS’ Sustainable Investment Research Initiative (SIRI) will drive the development the $250-billion fund’s first set of investment beliefs. While difficult to believe a fund of its size, reach and history could invest without a set of investment beliefs, it is encouraging to see that sustainability will be a core part of that […]
Amanda WhiteJanuary 30, 2013
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CalSTRS puts small caps under microscope

Encouraging the widespread corporate adoption of a majority-voting standard, promoting diversity on boards and collaborating to improve the way funds report environmental performance are just some of the focuses of the CalSTRS corporate governance team. Anne Sheehan, CalSTRS’ director of corporate governance, talked exclusively with top1000funds.com about what the key issues are for the self-described […]
SAM RILEYAugust 22, 2012
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Governance disclosure needs nutrition label

Pension funds should disclose their governance arrangements using a methodology similar to a nutrition label, with members easily able to compare the transparency and accountability of fund standards, a leading corporate-governance expert from Yale says. Dr Stephen Davis, the executive director of Yale School of Management’s Millstein Centre for Corporate Governance and Performance, has called […]
SAM RILEYMay 30, 2012
Research

Research questions shareholder voting

Authors Christopher Armstrong from The Wharton School University of Pennsylvania, Ian Gow of Harvard Business School and David Larcker from the Graduate School of Business Rock Center for Corporate Governance, Stanford University, look at the efficacy of shareholder voting. The study examines the effects of shareholder support for equity compensation plans on subsequent chief executive […]
 May 23, 2012
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Private engagement dominates results for CalPERS

Private engagement has more influence on company behaviour and performance a new study of CalPERS’ corporate governance reveals. Analysis by Wilshire Associates has found that because privately engaged companies are more receptive to reform and move more quickly to better governance standards, the turnaround in their stock performance is quicker. It found that the turnaround […]
Amanda WhiteNovember 23, 2011
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