Shareholder litigation will probably be led by a politically powerful state pension fund or equally powerful union pension fund.
PERS, California's state pension fund, which is urging General Electric's shareholders to demand that its executives' share options be performance-related.
Such reforms are also being adopted by the government's other investment agencies, such as the state pension fund and a government-backed fund for Malays.
Relational Investors, a hedge fund, worked with CalSTRS, California's state pension fund for teachers, to fight against overgenerous executive pay at Occidental Petroleum, an oil company.
The state pension fund now holds 19 hedge funds, but these were all specifically chosen to create a broader more diversified total portfolio with less total risk.
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The bill's original sponsor is Republican State Representative Dan Lederman who says the bill will affect nine million dollars of stocks owned by the state pension fund.
CalPERS, the Californian state pension fund, owns nearly 13% of Gatwick airport, while two Canadian funds own the operating rights for the high-speed rail link to the Channel Tunnel.
But the Chapter 9 bankruptcy case also is being closely watched nationally for the potential precedent-setting implications: whether federal bankruptcy law trumps the California law that says debts to the state pension fund must be honored.
DiNapoli, acting as trustee of the state pension fund, in November filed a shareholder resolution calling on the company to analyze whether it would reduce its long-term liability by removing contaminated sediment outside the current cleanup zone.
Anne Simpson, head of corporate governance at Calpers, the Californian state pension fund, urged Apple to "keep calm and carry on" with the changes it had proposed, and not to be swayed by "side conversations with a single shareholder".
The French government unveiled a series of measures aimed at reducing the state pension-fund shortfall.
The South Dakota law will force its state controlled pension fund to divest itself from companies doing business in Iran.
Meanwhile, the state's former treasurer, Paul Silvester, is serving a four-year jail sentence for taking kickbacks and bribes to steer state pension-fund business, a scandal that has touched the waspish, manicured suburbs of Connecticut's southern Fairfield County.
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So does Mr Rowland's claimed ignorance of Mr Alibozek's dealings, as well as his earlier protestations of surprise after the discovery that Paul Silvester, Mr Rowland's former state treasurer, was taking bribes for dishing out state pension-fund management contracts.
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Businesses contribute the equivalent of 20% of an employee's salary to the state-mandated pension fund.
The country's largest institution, Metrobank, persuaded state-run pension fund SSS to swap its 6.3% stake in FEBTC for 5% of Metrobank.
The state's pension fund has been under something like normal financial management and is now accumulating cash for the first time in ten years.
"We don't need to be pioneers, " said Dennis MacKee, spokesman for the Florida organization that manages that state's pension fund, which has invested in two Blackstone real-estate funds.
The state's pension fund also has bought stock in a company that brought assault rifles to the United States and another that indirectly helps Iran build long-range missiles.
The 44-page work is a no-nonsense member of the well-known Dummies series that purports to educate the nation's public pension officials on the ABCs of sound financial management--a task that the author himself concedes is a chilling reflection of the state of public pension fund management.
In October, the University of California became the latest pension-fund investor, after state pension funds in California, Texas and elsewhere, to bow to legal pressure to release private-equity returns.
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Mr. Milligan then proposed and Calpers approved raising state employer contributions to the pension fund by 50% over the next six years to return to full funding.
And we've also taken steps in our--in our public pension, our state retirement fund, to divest those same kind of companies from that fund because there's billions of dollars in this country that are going into investments of these companies that are also supporting governments like Iran, Sudan, and Syria and North Korea.
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Ostensibly privatized in the year 2000, NITC was bought by three Iranian pension funds: The State Retirement Fund (33%), the Social Security Organization (33%) and the Oil Employee Retirement and Saving Fund (34%).
The Florida State Board of Administration (SBA), which manages the fund as well as the state's pension assets, froze withdrawals after investors became fearful of major losses and began taking out large sums of money.
Others, like Steven Rattner, got into legal trouble when federal regulators and state prosecutors asked questions about how they raised pension fund money.
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In testimony delivered last week ( excerpts attached) alongside high-ranking officials of California's Public Employees Retirement System (CalPERS) pension fund, a delegation invited by State Sen.
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