CalSTRS Urges Shareowners Vote for Proxy Access Proposal at UnitedHealth.Effort to Bring Fairness and Accountability to Investor Governance Process SACRAMENTO, Calif. -- A desire for improved 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 democracy by the UnitedHealth Group UnitedHealth Group Incorporated NYSE: UNH is a managed health care company. It is the parent of United Healthcare, one of the largest health insurers in the U.S. It was created in 1977, as UnitedHealthCare Corporation (it renamed itself in 1998), but traces its origin to a directors has prompted the California State Teachers' Retirement System to ask UNH Unh The symbol for the element unnilhexium. shareowners to support Proposal 4 on the company's May 29th ballot. CalSTRS, which owns 5.5 million UnitedHealth Group shares worth $300 million, sent a letter today to approximately 7,000 fellow shareowners requesting support for Proposal 4. The proposal, made by CalPERS, would give shareowners a voice in nominating independent directors by providing access to the proxy materials Proxy Materials Documents regulated by the Securities & Exchange Commission in which a public company outlines its methods and procedures. These documents are used to inform shareholders and solicit votes for corporate decisions, such as the election of directors and other under certain and clearly defined conditions. "It's time It's Time was a successful political campaign run by the Australian Labor Party (ALP) under Gough Whitlam at the 1972 election in Australia. Campaigning on the perceived need for change after 23 years of conservative (Liberal Party of Australia) government, Labor put forward a for the true owners of America's companies to have a voice in who represents them, just like the democracy this country was founded upon," said Christopher J. Ailman, chief investment officer of CalSTRS. "This proposal will add value for UnitedHealth's shareowners while enhancing the company's reputation as a model of fair and transparent governance." The letter states that CalSTRS believes this proposal would provide a low-cost and less distracting process for investors to have a meaningful say in the governance of the board and by extension, its oversight of the corporation and accountability to shareowners. With a $162.2 billion investment portfolio, CalSTRS is the second-largest public pension fund in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . It provides retirement, disability and survivor benefits to California's 800,000 public school educators and their families. |
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