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Calpers Nixes Nominees at 11 Companies

The pension fund frowns on board audit committees that authorize auditors to do non-audit tasks.

> > Calpers, the biggest pension fund in the nation, announced on Monday that it will withhold proxy votes for board-of-director nominees at 11 companies, including Verizon, Merck, Adobe, and Alcoa.
Source: CFO


Published:2004-04-27
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