Corporate Governance and Target Firms 



CalPERS and other active money managers 
scrutinize firms whose equity prices 
are performing poorly compared to peer 
firms.  

CalPERS targets underperforming firms 
for corporate governance reviews.  
Who sits on the board of directors?
How does the election to the board 
take place?  What anti-takeover 
provisions has the board adopted ?
MacroEcon has worked closely with 
CalPERS in developing and directing 
these efforts.