On Monday, an institutional investor coalition comprised of the trustees from CalPERS, CalSTRS, the LA City Employees' Retirement System, and the LA County Employees' Retirement Association launched the "Trustees United Principles" aimed at guiding their actions vis a vis their portfolio companies to manage and mitigate human capital management-related risks. The four Principles address corporate policies relating to workplace sexual harassment and violence, restrictive labor practices, workforce and board diversity, and workers' rights.
CalPERS Board President Priya Mathur commented (in part): "This is a joint assertion that trustees and investors alike have a stake in engaging companies to promote policies that reduce incidents of sexual harassment, violence and misconduct and provide safe, supportive, and productive workplaces."
And CalSTRS Board Vice Chair Sharon Hendricks added (in part): "The Trustee Principles were conceived as a catalyst for expanded engagement on an issue that remains largely invisible to investors."