As part of our stewardship efforts, LACERA tracks and comments on proposed changes to relevant laws and regulations, as well as any other issues that could affect our investments. Public correspondence to legislators, regulators, and other entities includes the following:
- September 13, 2022: Global Investor Statement to Governments on Climate Change in advance of the COP27 Summit regarding climate-related investment risks.
- July 28, 2022: LACERA comment letter to the U.S. Securities and Exchange Commission regarding private fund advisers.
- July 28, 2022: LACERA comment letter to the U.S. Securities and Exchange Commission regarding climate-related financial disclosures.
- October 26, 2021: Joint letter to the U.S. Securities Exchange Commission regarding private equity fee transparency.
- October 4, 2021: LACERA letter to the U.S. House of Representatives Financial Services Committee regarding multiclass stocks and other proposed corporate governance reforms.
- June 10, 2021: LACERA comment letter to the U.S. Securities and Exchange Commission regarding climate change disclosures.
- June 10, 2021: Global Investor Statement to Governments on Climate Change in advance of the COP26 Summit regarding climate-related investment risks.
- May 13, 2021: Joint investor letter on federal methane emission standards and regulations
- August 6, 2020: Joint letter to the U.S. Securities and Exchange Commission from an industry working group regarding investor voting rights on a "universal proxy card" in contested corporate board director elections.
- February 3, 2020: LACERA comment letter to the U.S. Securities and Exchange Commission regarding proxy research regulation.
- February 3, 2020: LACERA comment letter to the U.S. Securities and Exchange Commission regarding proposed reforms to shareholder resolution rules.
- October 22, 2019: LACERA comment letter to the U.S. Securities and Exchange Commission regarding Regulation S-K and enhanced human capital disclosures.
- October 15, 2019: Council of Institutional Investors joint investor letter to the Securities and Exchange Commission regarding proxy research regulation and prospective rulemaking.
- May 20, 2019: LACERA comment letters to the New York Stock Exchange and NASDAQ in support of Council of Institutional Investors’ petitions to amend the exchanges’ listing standards to require sunset provisions on multiclass share structures.
- March 13, 2019: LACERA endorsed the International Corporate Governance Network’s Global Stewardship Principles.
- December 6, 2018: Global Investor Statement to Governments on Climate Change in advance of the G20 Summit and COP24 regarding climate-related investment risks.
- October 30, 2018: LACERA comment letter to the U.S. Securities and Exchange Commission regarding investor rights and the U.S. proxy voting process.
- February 27, 2018: Council of Institutional Investors joint investor letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs regarding proposed legislation relating to proxy research firms and institutional investors.
- November 9, 2017: Council of Institutional Investors joint investor letter to U.S. House of Representatives Committee on Financial Services regarding proposed legislation related to proxy research firms and institutional investors.
- March 22, 2017: joint letter to U.S. Securities and Exchange Commission Acting Chairman regarding CEO-to-worker pay ratio implementation.
- February 3, 2017: Council of Institutional Investors joint investor letter to Snap Inc. regarding a proposed multiclass structure for its prospective initial public offering.