US - The California Public Employees' Retirement System (CalPERS) has supported a bid to remove three directors from the board of a tax services company.
CalPERS endorsed a bid by activist investor Richard Breeden, who heads Breeden Capital Management, which invests US$414m for CalPERS to improve the practices and returns of underperforming US compa...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
