The Long Arm of Governance Activism

As U.S. public pension funds - longstanding proponents of corporate governance and shareholder proposal-style activism in the U.S. - and other U.S. investors allocate capital throughout the world, they are increasingly considering whether and how to apply their strategies and tactics for increasing shareholder power, changing governance norms, influencing boards and management teams and driving the adoption of their preferred best practices across the full global footprint of their investments.  In this note Adam Emmerich and Sabastian Niles talk about the CalPERs' experience and what other US investors ought to do.

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