LACERA'S CORPORATE GOVERNANCE REPORTS
Each quarter, the Corporate Governance Committee creates a report that summarizes key corporate governance, regularity, and proxy voting issues. We will post the reports on this page.
LACERA's Corporate Governance Newsletter
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CORPORATE GOVERNANCE PRINCIPLES
The Board of Investments and the LACERA Corporate Governance committee
have adopted a Corporate Governance principles document. The committee
was created to advise the Board of Investments on Corporate Governance
issues and initiatives.
OVERVIEW
OF THE PRINICIPLES
The fundamental objective that guides the Los Angeles County Employees
Retirement Association (LACERA) when drafting Core Principles of good
corporate governance is to safeguard and promote the economic interests
of its active and retired members. LACERA’s Board of Investments recognizes
good governance must “maintain an appropriate balance between the rights
of shareholders… and the need of board and management to direct and manage
the corporation’s affairs free from non-strategic short-term influence.”
This document identifies
LACERA’s Board of Investments’ Core Principles in corporate governance.
Core Principles include Board Independence, Board Management and Evaluation,
and Shareholder Rights. It is also intended to communicate the importance
of fiduciary duty, integrity, and transparency to Corporate America.
Click
here to read LACERA's Corporate Governance Principles. (4-27-09)
7/1/09
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