TITLE

Big Pension Fund Weighs In On Reform

PUB. DATE
May 2002
SOURCE
Financial Executive;May2002, Vol. 18 Issue 3, p11
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article mentions that the California Public Employees' Retirement System, or Calpers, is protecting itself from financial failure and accounting fraud by providing more stringent oversight of management. The pension fund's board voted to oppose shareholders' approval of auditors and the election of corporate directors under specific conditions. The staff at Calpers will establish task forces which will examine standards for independent directors and accounting changes. The rules concerning conflict of interests for analysts, rating agencies, and institutional investors will also be examined.
ACCESSION #
11873405

 

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