The California Public Employees’ Retirement System (CalPERS) today announced that Anne Simpson, CalPERS Senior Portfolio Manager, Investments and Director of Corporate Governance, has been elected to the Board of the Council of Institutional Investors (CII).
CII is a nonprofit, nonpartisan association of pension funds and other employee benefit funds, foundations and endowments working on behalf of its members for good corporate governance and strong shareowner rights. Simpson was elected to the 15-member Board at CII’s annual meeting in Washington, D.C.
“Anne is a passionate believer in shareowner rights and the role that good corporate governance practices play in sustaining and strengthening the companies we invest in,” said Anne Stausboll, CalPERS Chief Executive Officer. “She’ll be a strong voice on behalf of all investors for the financial reforms and sustainable financial markets that are so vital to our continued success.”
Simpson joined CalPERS as Director of Corporate Governance in 2009. She previously was the Executive Director of the International Corporate Governance Network and head of the World Bank’s Global Corporate Governance Forum. She is a Visiting Professor and Senior Faculty Fellow at the Yale School of Management, where she teaches corporate governance, and recently was appointed a member of the Investor Advisory Group of the Public Company Accounting Oversight Board.
CalPERS, with assets of approximately $237 billion, is the largest public pension fund in the U.S. It administers retirement benefits for more than 1.6 million California State, local government, and public school employees, retirees, and their families on behalf of more than 3,000 public employers, and health benefits for more than 1.3 million enrollees. The average CalPERS pension benefit is $2,332 per month. The average benefit for those who retired in the most recent fiscal year that ended June 30, 2011 is $3,065 per month. More information about CalPERS is available at www.calpers.ca.gov.
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CalPERS Director Of Corporate Governance Elected To Board Of Institutional Investor Group
Date 03/04/2012