In an effort to enhance shareowner value for CalPERS’ members, CalPERS uses an annual three-prong approach, which includes the following process:
- A quantitative screen
- A qualitative review
- An engagement process.
The CalPERS Focus List is designed to identify and positively reform undervalued companies in the internal portfolio that produce the lowest long-term value relative to peers and lack good governance practices.
- Corinthian Colleges, Inc. (COCO) – Santa Ana, California
- Dollar Tree Stores, Inc. (DLTR) – Chesapeake, Virginia
- EMC Corporation (EMC) – Hopkinton, Massachusetts
- International Paper Corporation (IP) – Memphis, Tennessee
- Kellwood Corporation (KWD) – St. Louis, Missouri
- Eli Lilly & Company (LLY) – Indianapolis, Indiana
- Marsh & McLennan Companies, Inc. (MMC) – New York, New York
- Sanmina-SCI Corporation (SANM)– San Jose, CA
- Sara Lee Corporation (SLE) – Chicago, Illinois
- Tenet Healthcare Corporation (THC) – Dallas, Texas
- Tribune Company (TRB) – Chicago, Illinois
For more information about the CalPERS Focus List please click here.