185-35 Global Corporate Governance Principles, 1998

Summary

The overriding objective of the corporation should be to optimize over time the returns to its shareowners. Where other considerations affect this objective, they should be clearly stated and disclosed. To achieve this objective, the corporation should endeavor to ensure the long-term viability of its business, and to manage effectively its relationships with stakeholders.

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Issuer

United States

Year

1998

Region

North America

Issuer (type)

California Public Employee's Retirement System (CalPERS) (Government)

Policy Type

Other sustainability policy

Geographical scope

Sub-national

Mandatory or voluntary

Voluntary

Main industries targeted

Finance & Insurance
Information
Professional, Scientific, & Technical Services

Restrictiveness

High

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 5: Gender Equality
SDG 7: Affordable and Clean Energy
SDG 12: Responsible Consumption and Production
SDG 16: Peace, Justice, and Strong Institutions
SDG 17: Partnerships for the Goals