Corporate governance

CalPERS board member disciplined for violating confidentiality rules

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CalPERS board member J.J. Jelincic was found to have violated the retirement system board's confidentiality rules by board President Rob Feckner.

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New York State Common Retirement Fund is searching for a corporate governance officer.
UT chancellor gives up seat on UTIMCO board to bury hatchet

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A rivalry among the University of Texas System and Texas A&M System is dealt another blow by a good-faith gesture of UT Chancellor William H. McRaven.
IBM shareholders narrowly approve executive compensation, proxy access

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IBM shareholders ratified the compensation of CEO Virginia Rometty and other top executives by a 54.3% vote, with opposition from a number of large pension funds.
All Wells Fargo directors re-elected despite strong pension fund opposition

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Wells Fargo's 15 board directors were narrowly re-elected at the bank's annual meeting Tuesday, despite opposition from several large pension funds.
Pension funds line up against IBM executive compensation, support proxy access

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Several large pension funds and proxy advisory firm Institutional Shareholder Services are against ratifying the compensation of IBM CEO Virginia Rometty and four other top executives.
Nike sets shareholder proxy access

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Nike Inc., Beaverton, Ore., announces in an 8-K filing with the SEC on Monday that it is implementing shareholder proxy access.
Largest pension funds to vote against re-election of Wells Fargo directors

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CalSTRS, CalPERS and the New York City comptroller will vote against the re-election of nine or more of Wells Fargo's 15 directors.

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National Employment Savings Trust, London, rehires Manifest for proxy voting and engagement support.
BlackRock opposes shareholder proposal critical of firm's proxy voting on executive compensation

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BlackRock's board of directors recommends voting against a shareholder proposal critical of the money manager's proxy voting on executive compensation at companies it invests in.
Asset owners describe steps to increase control, independence

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Asset owners speaking at the PensionBridge annual conference Tuesday described how they are managing assets internally and taking other steps to increase control.
Tesla heeds investors' call for more independent board directors

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Tesla Inc. is actively searching for independent board directors and could announce new additions soon.
Norway’s Government Pension Fund Global posts 3.8% return in first quarter

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Norway’s Government Pension Fund Global, Oslo, returned 3.8% in the first quarter of 2017, helping to bolster assets 4.8% for the period to 7.87 trillion Norwegian kroner ($922 billion).
NYC comptroller files 3 gender-pay ratio proposals; 6 companies to disclose pay practices

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New York City Comptroller Scott Stringer announced on Tuesday that the New York City Retirement Systems filed shareholder resolutions with three companies asking whether they have gender pay gaps and ...
NYC comptroller petitions against corporate 'virtual-only' annual meetings

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New York City Comptroller Scott Stringer is asking trustees of the five pension funds in the New York City Retirement Systems to vote against directors on companies' governance committees if the...