More Investors Vote Against Corporate Directors Over Climate Change – WSJ

Investors are increasingly voting against the election of corporate directors to get companies they see as laggards on climate change to raise their ambitions. So far this year, investors have cited climate change as a reason for opposing the election of a management-backed director at 225 U.S. companies, up from 157 in 2021 and 83…

CalPERS and Massachusetts PRIM Vote Against Chevron Directors

Massachusetts State Treasurer and Receiver General Deborah B. Goldberg today announced her opposition to the election of all members of the board of Chevron Corporation (NYSE: CVX) ahead of the company’s annual meeting on May 25. “Last year more than 60 percent of Chevron’s shareholders voted for a proposal calling on the company to set…

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…

The Test of Time: Adapting to a New Era of Executive Compensation

In 2018, CalPERS voted against 45.4% of the S&P 500 on Say on Pay, according to corporate governance nonprofit As You Sow. These results are drastically higher than in previous years, as its five-year average for opposing Say on Pay votes was 16%. According to Simiso Nzima, Investment Director of Global Equity at CalPERS, among…

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…