[Ernest_at_the_Beach]

Got to check on the makeup of the Calpers board.

[Ernest_at_the_Beach]

You are right!

The Corporate Governance Program at CalPERS is, first and foremost, the product of CalPERS Board of Administration. Acting through its Investment Committee, the CalPERS' Board introduced the first "corporate governance" initiatives (concerning "greenmail" and Phillips Petroleum) to the System. In the nearly two decades since, the Board has continued to mold the program to address emerging governance issues. Through the Board’s leadership, CalPERS staff -- lead by Chief Executive Officer James E. Burton -- implement the System’s corporate governance initiatives and become the voice for the Board.

The members of the CalPERS Board are:

• William Dale Crist, President
  Elected by State members
  
  
• Robert F. Carlson, Vice President
  Elected by retirees
  
  
• Philip Angelides
  State Treasurer
  
  
• Willie Brown, Jr.
  Governor appointee
  
  
• Kathleen Connell
  State Controller
  
  
• Rob Feckner
  Elected by school members
  
  
• Michael Flaherman
  Elected by public agency members
  
  
• Sean Harrigan
  Designated by State Personnel Board
  
  
• Marty Morgenstern
  Director, State Department of Personnel Administration
  
  
• Mike Quevedo, Jr.
  Appointed jointly by the Speaker of the Assembly and the Senate Rules Committee
  
  
• William Rosenberg
  Elected by all members
  
  
• Joseph A. Thomas
  Governor appointee
  
  
• Charles P. Valdes
  Elected by all members