Bloomberg, April 11: “The California Public Employees’ Retirement System, the largest U.S. pension fund, is weighing a policy to urge companies in which it invests to disclose sexual-harassment settlements.
The pension system, which has about $350 billion in assets, would add the language to its corporate-governance policy amid growing fallout from the #MeToo movement, which has led to the ouster of executives who engaged in sexual misconduct and reached secret settlements in entertainment, travel and the news media among other industries….
‘It’s not surprising to see Calpers leading the way in the demand for transparency,’ said Erika Karp, founder and chief executive officer of Cornerstone Capital Group, which manages about $1 billion for institutional and high-net-worth investors. ‘They have in the past been very proactive and progressive.’ ”
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