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Corporate Governance CalSTRS

Allen Matkins

Court Holds State Owned LLCs Are Not "Political Subdivisions"

Allen Matkins on

The California State Teachers’ Retirement System ("CalSTRS"), formed  two Delaware limited liability companies for the purpose of purchasing and holding title to two investment properties in Alameda County, California. ...more

Wilson Sonsini Goodrich & Rosati

DOL Issues New Guidance for ESG Investing by Plan Fiduciaries

The U.S. Department of Labor (DOL), which oversees Employee Retirement Income Security Act-covered (ERISA) employee benefit plans, recently released new regulatory guidance "clarifying" that "fiduciaries may not sacrifice...more

Allen Matkins

I’m Guessing That The DOL Didn’t Have in Mind Negative Weighing OF ESG Factors

Allen Matkins on

In this post, I noted a recent study by Professor Tracie Woidtke at the University of Tennessee concluding that social-issue shareholder-proposal activism appears to be negatively related to firm value. I therefore raised...more

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