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:
LACERA comment letters to the New York Stock Exchange and NASDAQ in support of Council of Institutional Investors’ petitions to amend the exchanges’ listing standards to require sunset provisions on multiclass share structures.
LACERA endorsed the International Corporate Governance Network's Global Stewardship Principles.
Global Investor Statement to Governments on Climate Change in advance of the G20 Summit and COP24 regarding climate-related investment risks.
LACERA comment letter to the U.S. Securities and Exchange Commission regarding investor rights and the U.S. proxy voting process.
Council of Institutional Investors joint investor letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs regarding proposed legislation relating to proxy research firms and institutional investors.