Today in the United States, shareowners do not have effective access to the proxy. Shareowner access to the proxy for the purpose of nominating director candidates is CalPERS top priority of focus to ensure a sustainable system of corporate governance that fosters democracy, director accountability and long-term value creation. Without effective proxy access, the director election process simply becomes a ratification of corporate management’s slate of nominees. CalPERS believes proxy access is a fundamental shareowner right that allows significant investors reasonable access to place nominees on corporate proxy ballots with all nominees being subsequently subject to a vote of the majority of shareowners.

November 19, 2007
Top U.S., International Investors Urge Sec to Table Proposed Rollback of Shareowner Rights

November 14, 2007
CalPERS Urges U.S. Senate Committee to Protect Shareowner Access to Corporate Election Ballots

September 27, 2007
CalPERS Comment Letter to SEC -- Shareowner Proposals: File No. S7-16-07 (PDF, 62 KB)

CalPERS Comment Letter to SEC -- Shareowner Proposals Relating to the Election of Directors: File No. S7-17-07 (PDF, 46 KB)

October 8, 2003
CalPERS Calls Proxy Access Rule Proposal "Good First Step"

October 2, 2003
State Pension Officials Strongly Oppose Barriers in SEC's Proposed Proxy Access Rules

September 25, 2003
Instituational Investor's Full-Page ad in the Wall Street Journal asks SEC to give Shareholders Access to Corporate Election Ballots

September 10, 2003
Disclosure on Nominating Committee Functions and Communications between Security Holders and Board of Directors (PDF, 80 KB)