US - CalPERS has flexed its muscles by refusing to support board member elections in companies where it has made a significant investment.
In one case, CalPERS asked International Paper (IP) to respond to a significant shareowner “withhold” vote against two IP directors, Martha Brooks and John Townsend. The directors were re-electe...
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
