GOLDBERG PROXY VOTING INITIATIVE SEEKS TO INFLUENCE CORPORATE BOARDS
3/26/15 2:52 PM
Signaling a more activist era at the state pension fund, Treasurer Deborah Goldberg on Thursday proposed using the $61 billion fund to make a stand on corporate diversity, environmental stewardship and wage equality issues. A subcommittee of the Pension Reserves Investment Management Board signed off Thursday on a new policy developed by Goldberg that would direct the Pension Reserves Investment Management (PRIM) Board to use its proxy vote as an investor to oppose nominees to corporate boards unless at least 25 percent of a board's membership is made up of women and minorities.
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