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CALIFORNIA CORPORATE & SECURITIES LAW

California Retirement Systems/ISS United On Corporate Political Spending

On Tuesday, I wrote aboutĀ  CalPERS‘ adoptionĀ of updated governance principles, including this new Principle 6.5: Robust board oversight and disclosure of corporate charitable and political activity is needed to ensure alignment with business strategy and to protect assets on behalf of shareowners. We recommend the following: a. Policy: The board should develop and disclose a…

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