CalPERS is proud to announce the release of our first report on our Environmental, Social and Governance (ESG) work. The report explains the fiduciary framework we have adopted to integrate sustainability across the total fund, illustrates achievements from the last few years, and outlines our vision for the future.
In his second article in a series, Punit Renjen, chairman of the board of Deloitte LLP, discusses the leadership roles the chairman and board can play as strategists and risk and scenario planners to contribute to organizational excellence. One of the best lines (at the end) is about this quote from Gandhi:
”Gandhi once said: “A small body of determined spirits fired by an unquenchable faith in their mission can alter the course of history.” He could have been talking about a board’s ability to point an organization on a path of enduring good.
BDTI is #1!
The followingentry appeared as part of GovernanceMetrics International’s GMI Blog. GMI is the leading independent provider of global corporate governance and ESG ratings and research. Corporate stakeholders – including leading investors, insurers, auditors, regulators and others – use GovernanceMetrics services to identify and monitor risks related to non-financial measures covering key environmental, social, governance and accounting risk factors.
BY MARK POERIO & ROSS MCNAUGHTON
From the IFC's web site:
“I encourage all involved in corporate governance to read this Focus. It will be time well spent.”
Ira M. Millstein
Senior Partner, Weil, Gotshal & Manges LLP
Chairman Emeritus of the Forum’s Private Sector Advisory Group
As we continue to monitor developments in the unfolding 2012 proxy season, here are some key themes that have emerged thus far:
From the NY Times – Confronted with evidence of widespread corruption in Mexico, top Wal-Mart executives focused more on damage control than on rooting out wrongdoing, an examination by The New York Times found.