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CalPERS Wants To Crack Down On Conflicts Of Interest

Compliance Week | November 9, 2004

The nation’s largest public pension fund, the California Public Employees’ Retirement System, recently fired off a letter to the Fortune 100 CEOs, asking them to disclose any “interested-party transactions.” Specifically, the fund wants the CEOs to provide information on directors and executives who hold a financial interest in companies with which the CEOs do business. CalPERS is also wants to know which directors and officers hold an interest in companies acquired by the CEOs.


The letter’s author, CalPERS Chief Investment Officer Mark Anson, writes that the pension...

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