Calpers Takes Aim at CEO Pay and Questions Shareholder Behavior – Bloomberg

Many chief executive officers at U.S. companies are paid too much — and investors aren’t holding corporate boards accountable, a senior official at the country’s largest public pension fund said. The too-generous compensation happens despite talk that executive pay is linked to performance, said Simiso Nzima, head of corporate governance at the $389-billion California Public…

CalPERS Votes Against Pay at 1,195 Firms – Corporate Governance

Jim McRitchie reports on CalPERS votes against pay plans: Equilar announced, in partnership with CalPERS, the release of the CalPERS P4P Scorecard in Equilar Insight, the leading executive compensation benchmarking software solution. The release of the new scorecard is an extension of the five-year realizable pay calculation CalPERS and Equilar released earlier this year. Said…

Calpers Ups Pressure on Companies Over Executive Pay, Lack of Diversity 

The California Public Employees’ Retirement System voted against pay programs this year at 43 percent of the 2,145 U.S. public firms it owns stakes in, up from 18 percent in 2017, the system said Monday. One reason is closer scrutiny, said Simiso Nzima, investment director for corporate governance. In past years some firms may have…

CalPERS examines adopting SDGs | Top1000Funds.com

The board of CalPERS has directed staff to look into aligning its $357 billion portfolio with the UN’s sustainable development goals.The largest pension fund in the US is already one of the global leaders in engaging with companies on ESG risks, but by adopting the UN SDGs it would embrace more specific social objectives, such…