Pension funds flex shareholder muscle
Article Abstract:
Pension fund managers can no longer be passive. Institutional shareholder activism has taken hold and pension managers have to address corporate governance and performance issues. The California Public Employees Retirement System and other public employee funds have increased institutional investor activism in companies such as Archer-Daniels-Midland Co.'s board of directors. Convergence of market trends, the emergence of poison pills and greenmail payments and the Interpretive Bulletin 94-2 released by the Dept. of Labor have triggered pension fund activism.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1996
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Board member involvement: commitment helps fund overcome beltway politics
Article Abstract:
Wheat First Butcher Singer VP and broker Marc Lippman has been appointed a member of the District of Columbia Retirement Board. Lippman's task involves managing the $2.7 billion public pension trust covering 12,000 active and 11,000 retired members of Washington, DC. Unlike regular city employee pension plans, Board members face added pressure from constant Congressional input and substantial public scrutiny.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1995
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