Council of Institutional Investors is a
nonprofit
A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or so ...
, nonpartisan association of U.S.
pension funds and other employee benefit funds, foundations and
endowments that "promotes the interests of
institutional investors
An institutional investor is an entity that pools money to purchase security (finance), securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, s ...
in the United States".
[Council of Institutional Investors financial definition of Council of Institutional Investors]
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Mission
The association 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".[
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Background
The CII was founded in 1985 by 21 public pension fund officials and has grown to include over 140 institutional investors (public, union and corporate employee benefit plans and foundations and endowments) with combined assets of $5 trillion as of October 2023.
The primary function of the CII is to develop and advocate for best practices in the field of corporate governance
Corporate governance refers to the mechanisms, processes, practices, and relations by which corporations are controlled and operated by their boards of directors, managers, shareholders, and stakeholders.
Definitions
"Corporate governance" may ...
. 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" principle of shareholder democracy. As such, the CII is against dual-class stock structures. The Council also engages with proxy advisory firms, which advise institutional investors on shareholder voting matters.
The CII itself has a 15-person board of directors
A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency.
The powers, duties, and responsibilities of a board of directors are determined by government regulatio ...
that comprises 6 officer and 9 non-officer members.
References
External links
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Institutional investors
Trade associations based in the United States
Business and finance professional associations in the United States
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