RT Journal Article
SR Electronic
T1 Governance Activism at TIAA-CREF
JF Special Issues
FD Institutional Investor Journals
SP 57
OP 62
VO 2003
IS 2
A1 Peter Clapman
YR 2003
UL https://pm-research.com/content/2003/2/57.abstract
AB In the past 10 years, TIAA-CREF, the largest private pension system in the United States, has stepped up its corporate governance activities, adding resources to its corporate assessment program, filing friend-of-the-court briefs on cases with important implications for shareholder rights, developing new initiatives such as an effort to end a form of takeover defense called the “dead hand poison pill,” and recommending changes in the process by which equity compensation is awarded to executives. Most of its interactions with boards and managements involve “gentle prodding.” Globally, the institution is seeking to foster more meaningful international standards for corporate governance, shareholder rights, and corporate transparency.