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At yesterday’s meeting, the Investment Committee of the California Public Employees Retirement System (CalPERS) approved updates to its “Global Principles of Accountable Corporate Governance”
One of the most significant challenges in attracting talented executives in the tax-exempt and governmental entity (TEGE) sectors is designing a compensation structure that accomplishes three goals: rewards acknowledged "superstars" in the field; incentivizes performance commensurate with the long-term goals of the entity; and sufficiently protects the entity against employees' being lured away by other employers
Although the most significant changes for large employers are still to come, implementation of the Patent Protection and Affordable Care Act (ACA) (Public Law 111-148) is in full swing
