Michael Garland was named executive director for corporate governance in the office of the New York City Comptroller John C. Liu, who oversees the city’s five pension funds, confirmed Sharon Lee, spokeswoman for Mr. Liu.
Mr. Garland will oversee shareholder activism efforts on behalf of the five plans, which have a combined $103 billion in assets — New York City Employees’ Retirement System, Teachers’ Retirement System, Police Pension Fund, Fire Department Pension Fund and Board of Education Retirement System.
He will supervise a team responsible for advancing corporate governance, and corporate, social and environmental responsibility reforms at companies in which the pension funds are shareholders, according to a news release.
Mr. Garland was director of value strategies for CtW Investment Group — a group that organizes shareholder activism involving corporate governance — which he co-founded within Change to Win, a federation of unions representing 5.5 million workers. A CtW spokesman could not be reached for comment.