CalPERS - the California Public Employees' Retirement System - has published a new edition of its Global Governance Principles: see here (pdf). Amongst the changes made is the inclusion of a new provision suggesting that directors serving more than 12 years on the same board run the risk of compromising their independence.
Tuesday, 22 March 2016
CalPERS Global Governance Principles - new edition published
CalPERS - the California Public Employees' Retirement System - has published a new edition of its Global Governance Principles: see here (pdf). Amongst the changes made is the inclusion of a new provision suggesting that directors serving more than 12 years on the same board run the risk of compromising their independence.
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