In Focus
CII Elects Board Members for 2024-2025
Aeisha Mastagni, California State Teachers’ Retirement System, was re-elected as board chair of the Council of Institutional Investors (CII) March 6. The other board officers for 2024-2025 are: Margaret Foran, Prudential Financial, co-chair; Michael McCauley, Florida State Board of Administration, co-chair; Tejal Patel, SEIU Affiliates’ Supplemental Retirement Savings Plan/SOC Investment Group, co-chair; Katy Hoffman, Teacher Retirement System of Texas, treasurer; and Michael Pryce-Jones, International Brotherhood of Teamsters, secretary. The full list of board members elected for 2024-2025 can be found here.Members Also Approve Statement on Index Provider Consultation Processes
On March 6, CII’s U.S. Asset Owner Members approved a new policy that urges index providers to engage in a robust public consultation process when they are contemplating significant changes to benchmark indexes. Currently, when an index provider considers these changes, procedures for how to notify the public, obtain input and be transparent with respect to that input are left to the index provider’s discretion. CII’s policy says robust consultations are characterized by, at the least, broad dissemination such as through press releases, timely posting of response letters and public posting of comments. CII believes that these consultations are needed to maintain credible public due process that serves the interests of investors and the capital markets generally.Upcoming Events
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22APR
Webinar: Ancora’s Case for Change at Norfolk Southern
12:00 PM to 12:30 PM EDT
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9SEP
2024 Fall Conference: Brooklyn, NY
9/9/2024 to 9/11/2024 EST
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News & Highlights
- March 28 - Boeing’s Board Must Look in the Mirror for Its Next Shake-Up
- March 28 - The Rise of “Sell-Side Activism”: Why It’s Happening and How to Respond
- March 28 - In a Bumper Year for CEO Pay, One Chief’s $161 Million Award Swells to $1.3 Billion
- March 26 - Strange Bedfellows at DIS
- March 26 - Larry Fink Calls on Boomer Generation to Fix ‘Retirement Crisis’
- March 26 - Larry Fink’s 2024 Annual Chairman’s Letter to Investors
- March 26 - Adam Neumann Bids to Buy Back WeWork for More Than $500 Million
- March 25 - Why ESG Investing Might Never Recover
- March 25 - Boeing CEO Dave Calhoun to Step Down in Wake of 737 Max Struggles
- March 25 - Famously Obstinate, Bill Ackman Is Now Real-Life Famous. What Next?