The Council of Institutional Investors will examine its own corporate governance following pressure from officials at the $149 billion California Public Employees Retirement System, Sacramento. A CalPERS document claims, among other things, that the CIIs executive committee violates the organizations one-fund, one-vote rule, and the committee has "no clear authority, responsibility or function; and measures of accountability for Executive Director Sarah Teslik are "unknown or unclear.
The councils executive committee agreed to name a special committee to review the issues and make recommendations for the councils Sept. 23-24 meeting.