As part of our stewardship efforts, LACERA tracks and comments on proposed changes to relevant laws and regulations, as well as any other issues that could affect our investments. Public correspondence to legislators, regulators, and other entities includes the following:
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LACERA letter to the U.S. House of Representatives Financial Services Committee regarding multiclass stocks and other proposed corporate governance reforms.
LACERA comment letter to the U.S. Securities and Exchange Commission regarding climate change disclosures.
Global Investor Statement to Governments on Climate Change in advance of the COP26 Summit regarding climate-related investment risks.
Joint letter to the U.S. Securities and Exchange Commission from an industry working group regarding investor voting rights on a "universal proxy card" in contested corporate board director elections.