Results for 'CalPERS'

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    The Economic Inefficiency of Secrecy: Pension Fund Investors' Corporate Transparency Concerns. [REVIEW]Tessa Hebb - 2006 - Journal of Business Ethics 63 (4):385 - 405.
    In the wake of recent corporate scandals, this paper traces the growing power of pension funds to provide managerial oversight of the firms they hold in their investment portfolios. Increasingly pension funds are exercising their legitimate rights as owners to raise the corporate governance standards of the firms they invest in. Within corporate governance generally, pension funds are shifting their attention away from managerial accountability and toward measures that increase transparency in firm-level decision-making. Pension funds use transparency to ensure that (...)
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