CalPERS Corporate Governance Chief Quits

In the third major defection from the country’s top pension fund this year, Dennis Johnson, the corporate governance director for the California Public Employees’ Retirement System (CalPERS) is leaving to join the Shamrock Activist Value Fund. Shamrock, based in Burbank, Calif., has $1 billion in committed capital for investment in public companies.

Johnson, who served in his role for three years, is credited with stepping up CalPERS’ efforts to hold more companies in which it invests to higher accountability standards. This includes an annual “Focus List” program that identifies companies with poor financial performance and corporate governance practices.

In his place, senior investment officer for public equities Eric Baggesen will take over Johnson’s 17-member group until a successor is found.


Acceptable Use Policy
blog comments powered by Disqus

Photo Galleries

Hudson Yards Development

http://nreionline.com/photo_gallery/hudson_yardsCheck out images for Coach's new global headquarters, which will anchor the initial tower of the Eastern Rail Yards site within the 26-acre mixed-use Hudson Yards Development on Manhattan's far West Side.

Outstanding Women in Commercial Real Estate

From housing low-income families in Southern California to closing some of Manhattan's largest office leases, women leaders are using commercial real estate as a platform to reshape communities while they drive investor returns.

Click here to view more photo galleries.

Videos

2012 MBA CREF/Multifamily Housing Convention & Expo Video Blogs

http://nreionline.com/video/mba2012_thumbnail.jpgCheck out the Vlogs from the 2012 MBA CREF/Multifamily Housing Convention & Expo from JLL...

 

Click here to view more videos.


Blogs


Traffic Court

BlackSwan

http://nreionline.com/nrei-300x125-house-091211-resourcebook-jpg.jpg

This Week's Most Popular

Current Issue

NREI Newsletters

Join the Conversation