At a meeting last week, the Policy Subcommittee of the Investment Committee of CalPERS’ Board of Administration considered amendments to CalPERS’ Global Principles of Corporate Governance.  CalPERS uses these principles as the framework for its proxy voting and corporate engagement.  The Subcommittee considered amendments to the following principles:

  • Board Talent Assessment and Diversity
  • Executive Compensation
  • Integrity of Financial Reporting
  • Risk Oversight
  • Charitable and Political Contributions  

A marked-to-show changes draft of the Global Principles is available here.  The Policy Subcommittee members are Richard Costigan, George Diehr, JJ Jelincic, and Priya Mathur.