The Blog at CTA

CalSTRS to question corporations on political spending

The California State Teachers’ Retirement System (CalSTRS), the 2nd largest pension fund in the country, has just announced it may push corporations to disclose their political donations, under a policy adopted by the CalSTRS investment committee.

The new CalSTRS policy would declare that corporate boards are responsible for political spending by their companies and that contributions should be “in the best interest of shareholders".

CalSTRS hopes to set the standard and that other pension systems will follow their lead in adopting this policy.

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