Treasurer Magaziner Releases Overview of Pension Fund’s 2017 Shareholder Engagement

August 17, 2017: Treasurer Seth Magaziner today released an overview of the State’s shareholder engagement activities during the past shareholder season, which includes actions to encourage gender and ethnic diversity on corporate boards, protect consumers from fraud and predatory lending practices, and push energy companies to disclose the amount of shareholder money spent on lobbying efforts at all levels of government.

"As investors, we are pushing companies to make responsible decisions that consider the long-term future of their company so that it is sustainable for years to come,” said Treasurer Magaziner. “This year we continued to push for diversity among corporate board members; engaged with Wells Fargo after their massive consumer fraud affected millions of Americans; fought to uphold consumer’s rights to have their student loan debt restructured to fit their income; and told energy companies to ‘come clean’ about practices aimed at influencing lawmakers who are tasked with regulating their industry.”

You can read the entire press release here.