What's on the agenda for TIAA-Cref, one of the leading US investor activists? International initiatives
TIAA-Cref, the US pension scheme for teachers and college professors, is known for spearheading institutional activism. Peter Clapman, chief counsel in TIAA-Cref's corporate governance unit, says the institution's involvement with corporate governance began 30 years ago with an article in the New York Times. 'Then chairman Bill Greenough was quoted as saying investors have a responsibility as corporate watchdogs and that it's wrong for stakeholders to simply sell stocks when they think management
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