1. CalSTRS Issues Board Composition Best Practices

    CalSTRS Issues Board Composition Best Practices

    The California State Teachers' Retirement System (CalSTRS) today issued guidelines for what it considers the composition of a high-performing corporate board of directors. Independent leadership, diversity, board succession planning and accountability measures are among the sought-after qualities CalSTRS outlined in its publication, Best Practices in Board Composition...

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    1. We think these best practices will help corporate leaders decide how best to structure their boards to optimize long-term corporate performance.
    2. Directors represent the interests of shareholders within the companies they oversee. We expect them to develop structures and practices that minimize conflicts of interest and keep management interests closely aligned to corporate performance.
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