CalPERS and CalSTRS Applaud SEC Chairman Christopher Cox on Proxy Access Rulemaking Process.SACRAMENTO, Calif. -- Fred Buenrostro, Chief Executive Officer of the California Public Employees' Retirement System (CalPERS) and Jack Ehnes, Chief Executive Officer of the California State Teacher's Retirement System (CalSTRS) issued the following joint statement today about the announcement made by SEC Chairman Christopher Cox on proxy access: "We commend com·mend tr.v. com·mend·ed, com·mend·ing, com·mends 1. To represent as worthy, qualified, or desirable; recommend. 2. To express approval of; praise. See Synonyms at praise. 3. Chairman Cox for his decision to go forward with a deliberative de·lib·er·a·tive adj. 1. Assembled or organized for deliberation or debate: a deliberative legislature. 2. Characterized by or for use in deliberation or debate. rulemaking process on the use of the proxy to nominate nom·i·nate tr.v. nom·i·nat·ed, nom·i·nat·ing, nom·i·nates 1. To propose by name as a candidate, especially for election. 2. To designate or appoint to an office, responsibility, or honor. corporate directors. We are confident it will result in a thoughtful rule permitting reasonable, fair shareowner share·own·er n. See shareholder. Noun 1. shareowner - someone who holds shares of stock in a corporation shareholder, stockholder investor - someone who commits capital in order to gain financial returns access. "CalPERS and CalSTRS look forward to a full and complete opportunity to provide feedback on a rule that all shareowners and Corporate America will live by in the future. "The ability to elect, nominate and hold directors accountable are the cornerstones of shareowner rights. Any new proposals should be handled with the utmost care and considered by all market participants The term market participant is used in United States constitutional law to describe a U.S. State which is acting as a producer or supplier of a marketable good or service. When a state is acting in such a role, it may permissibly discriminate against non-residents. ." |
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