US - The California State Teachers' Retirement System (CalSTRS) has appointed Michael McCauley to guide its corporate governance program to a higher level of activism.
Jack Ehnes, chief executive officer, CalSTRS, said: "We are seeking increased diversity on corporate boards and better climate risk reporting by our portfolio companies regarding the reduction of greenhouse gas emissions."
Christopher Ailman, CIO, CalSTRS, added: "Mike is a fine complement to our strong corporate governance team that has been so ably led by Janice Hester-Amey, who will now focus on proxy voting and the activist investment managers program."
"As a member of the Public Company Accounting Oversight Board's Standing Advisory Group, Mike has served as a national leader in improving corporate auditing standards. He will help raise CalSTRS' voice with the Securities and Exchange Commission, the New York Stock Exchange and other crucial policy makers."
McCauley comes to CalSTRS after 10 years at the Florida State Board of Administration. He worked as a senior corporate governance officer, as director of administration for client services and as the corporate affairs and research manager.
McCauley currently co-chairs the Council of Institutional Investors' International Corporate Governance Committee and is a member of the Public Company Accounting Oversight Board's Standing Advisory Group. He starts 1 June 2008.
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