Council of Institutional Investors created an international investment committee, reflecting the increasing level of international assets held by its membership and their concern about international corporate governance issues.
The committee plans to survey CII members for details about their international investments, said Cambria Allen, CII analyst and committee member. The survey is expected to be completed by late summer.
Keith Johnson, chairman of Reinhart Institutional Investor Services, a corporate governance and securities litigation consulting and law firm, was named co-chair of the committee. Sarah Wilson, managing director, Manifest Information Services, a corporate governance research and proxy-vote advisory firm, was named the other co-chair.
“The world we live in is much more international and global than it was a decade ago,” Mr. Johnson said. “Almost all U.S. institutional investors have a significant non-U.S. component in their portfolio and are looking at proxy issues outside the U.S.”
