Calpers critic.Calpers Critic: State Controller Steve Westly Steven Paul Westly (born August 27, 1957, in Arcadia, California) is an American businessman and politician. He was the State Controller of California from 2003 to 2007 and was one of the top two candidates in the Democratic primary for Governor of California in the 2006 election. urged Calpers to scrap a proxy-vote policy targeting any company that allows auditors to perform non-audit work. Westly says the blanket policy Blanket policy is a policy which behaves similarly to a varaity of things. Based on Webster's Dictionary it "covers a group or class of things or properties instead of one or more things mentioned individually, as where a mortgage secures various debts as a group, or subjects a weakens the ability of the California Public Employees Retirement System to pursue corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. reforms. Calpers, the nation's largest pension fund, has faced criticism for a campaign in which it withheld votes for company directors. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion