Inaugural List Ranks Key Players in Corporate Governance
CalPERS Tops List as the Most Influential of The Directorship 100
BOSTON – Directorship, the leading magazine for public company board directors, named the California Public Employees’ Retirement System (CalPERS) as the most influential player in corporate governance. The $250 billion retirement fund has helped put executive pay on the agenda and railed against poor governance. No other person or institution has had such a continuous and profound effect on the boardroom, according to the publication.
The prestigious list appears in the September 2007 cover story of Directorship. The selection process was completed by a distinguished board of advisers, reader surveys, and the editors of Directorship. In addition to CalPERS, Directorship named U.S. Congressman Barney Frank; billionaire Warren Buffett; Ira Millstein, the “grandfather” of governance; and some unexpected others, such as Enron’s convicted CEO Jeffrey Skilling, to its list, which it plans to publish annually.
“In the world of corporate governance, there are three main factions – one side makes the rules, another monitors and enforces, and finally directors need to understand and implement. Knowing who has the greatest influence is particularly important to directors as their understanding of corporate governance determines how they must guide their companies,” says Jeffrey M. Cunningham, a Fortune 100 board director and chairman of Directorship.
About the publication
Directorship is a bimonthly magazine written for corporate board members and C-level executives. It is owned and published by NewsMarkets LLC, a privately held media company in Boston whose mission is to produce the highest quality content, events, training, and certification programs that support the needs of senior executives, boards of directors, and global leaders. Its products include a magazine, newsletters, an online edition, forums, seminars, conferences, webcasts, and web conferences. Content contributors are the business elite and global thought leaders in the areas of management, governance, and strategy.
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