CalPERS Announces Private Engagement In Lieu of Name and Shame

On Monday, the California Public Employees Retirement System issued this press release stating that it has “adopted a new strategy for engaging underperforming public stock companies through private contacts and proxy actions rather than by posting a public ‘name-and-shame’ Focus List.” The new program has been dubbed the “Shareowner/Corporate Engagement Program”.

Please see article below.

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Published In: General Business Updates, Labor & Employment Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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