US - The California State Teachers' Retirement System (CalSTRS) has withdrawn all eight of its board diversity shareholder proposals filed during the 2011 proxy season after successfully engaging companies to reconsider their director searches.
The pension fund said issues of board of director leadership and oversight roles have taken on increased significance to long-term investors in recent years, while current economic challenges highl...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
