14)
Council of Institutional Investors, Corporate Governance Policies I, at http://www.
Worried that it might lose the vote, Columbia named three independent directors and, in an unusual move, promised to have them meet with the
Council of Institutional Investors.
Thus, potential bridging organizations, such as the
Council of Institutional Investors, have remained weak by design.
The
Council of Institutional Investors revised its best-practices corporate governance policies last year to include tenure as a factor boards should consider when determining whether a director is independent.
Previously, Brown was the California state treasurer from 1991 to 1995, co-chaired President Clinton's Commission on Capital Budgeting and the
Council of Institutional Investors, the Democratic nominee for governor of California in 1994, a commissioner on Los Angeles' Board of Public Works and was elected twice to the Los Angeles Unified School District's Board of Education from 1987 to 1989.
During the first week of April, he spoke at a meeting for the
Council of Institutional Investors and he testified before the Securities, Insurance, and Investment Subcommittee of the Senate Banking Committee.
Nevertheless, Fed Governor Kevin Warsh is schedule to speak at the
Council of Institutional Investors in Washington at 17:00 GMT, and comments from the board member is likely to reinforce a dour outlook for growth and inflation as the economy faces its worst economic downturn in over half a century.
He notes many sources for help, among them: the Business Roundtable (BRT), the National Association of Corporate Directors (NACD), The Conference Board and the
Council of Institutional Investors.
For years, "America's large corporations have been virtually ownerless," charges Sara Teslik, executive director of the
Council of Institutional Investors, which represents 70 leading public-sector and union pension funds.
The
Council of Institutional Investors (CII) and Ernst & Young were the only major players that sent suggestions and thoughts, and neither had any-thing to say about the recommendations section of report.
