PT  - JOURNAL ARTICLE
AU  - Peter Clapman
TI  - Governance Activism at TIAA-CREF
DP  - 2003 Sep 21
TA  - Special Issues
PG  - 57--62
VI  - 2003
IP  - 2
4099  - https://pm-research.com/content/2003/2/57.short
4100  - https://pm-research.com/content/2003/2/57.full
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.