CalSTRS Enhances Corporate Governance Principles with Expanded Board of Directors Accountability Standards

he California State Teachers’ Retirement System  approved policy changes to the Corporate Governance Principles which establish the high-level framework, proxy voting activities and shareholder priorities. The recent changes focus primarily on climate change risk management expertise, board diversity, governance structure and composition of public company boards, as well as holding corporate directors accountable to represent and protect the interests of long-term shareholders.