US - CalPERS is seeking support for a proposal to give La-Z-Boy shareowners the right to elect directors annually.
The US$248bn fund said in a letter to shareholders it was concerned with the Michigan-based household furniture company's accountability to shareowners and commitment to good corporate governance. ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date