Council of Institutional Investors is a
nonprofit
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in co ...
,
nonpartisan
Nonpartisanism is a lack of affiliation with, and a lack of bias towards, a political party.
While an Oxford English Dictionary definition of ''partisan'' includes adherents of a party, cause, person, etc., in most cases, nonpartisan refers sp ...
association of U.S.
pension funds
A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income.
Pension funds typically have large amounts of money to invest and are the major investors in listed and priva ...
and other employee benefit funds,
foundations and
endowments that "promotes the interests of
institutional investors
An institutional investor is an entity which pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, government-link ...
in the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...
".
[financial-dictionary]
/ref> It describes its mission as to "educate its members, policymakers and the public about corporate governance, shareholder rights and related investment issues, and to advocate on members' behalf."[ and as of mid-2012, its chair was Anne Sheehan (]California State Teachers' Retirement System
The California State Teachers' Retirement System (CalSTRS) provides retirement, disability and survivor benefits for California's 965,000 prekindergarten through community college educators and their families. CalSTRS was established by law in 191 ...
), and co-chairs were Lydia Beebe, Jay Chaudhuri, and Patrick O’Neill.
The primary function of the CII is to develop and advocate for best practices in the field of corporate governance. These policies may relate to matters such as shareholder rights, executive compensation, CEO succession, and board refreshment. The CII explicitly advocates for equal shareholder voting rights under the "one share, one vote
One share, one vote is a standard found in corporate law and corporate governance, which suggests that each person who invests money in a company has one vote per share of the company they own, equally with other shareholders. Often, shares with ...
" principle of shareholder democracy. As such, the CII is strongly against dual-class stock structures, which create significant imbalances in corporate control. The Council also engages with proxy advisory firms, which advise most institutional investors on shareholder voting matters.
The CII itself has a 15-person board of directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit orga ...
that comprises 6 officer and 9 non-officer members.chair
A chair is a type of seat, typically designed for one person and consisting of one or more legs, a flat or slightly angled seat and a back-rest. They may be made of wood, metal, or synthetic materials, and may be padded or upholstered in vari ...
of the board, along with co-chairs Margaret Foran, Thomas McIntyre, and Aiesha Mastagni.
Notes
External links
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Institutional investors
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