WSIB Executive Director Theresa Whitmarsh Leaving Top Spot
Her retirement follows the investment board losing its long-serving CIO in 2019 and appointing Allyson Tucker to the role last year.
Longtime Washington State Investment Board (WSIB) Executive Director Theresa Whitmarsh is retiring at the end of 2021.
Whitmarsh, who has served in WSIB’s top spot for the past 12 years, disclosed her decision to leave WSIB at the board’s May 20 meeting.
Her retirement comes after WSIB’s longtime CIO Gary Bruebaker retired at the end of 2019. He had worked in the investment business for 40 years and spent 18 years as the pension system’s CIO.
Executive pay these days is inextricably linked to a company’s stock performance. So in a period where the overall market is booming, as it did after the initial plunge from the pandemic last year, these pay packages can swell to outsize proportions.
Hopes rising on new SEC chief’s agenda
Wish list for investors, ESG activists includes market structure, climate risk, proxy voting
Gary Gensler, during his confirmation hearing, showed his willingness to take on controversial subjects.
Institutional investors and ESG activists are optimistic that new SEC Chairman Gary Gensler will tackle a long-standing to-do list, from market structure to climate risk to proxy voting, and may even undo some of his predecessor s actions perceived to favor companies over investors. Chairman Gensler can hit the ground running by finalizing some of the SEC s low-hanging fruit proposed reforms that are not politically contentious but have languished for years, said Amy Borrus, executive director of the Council of Institutional Investors in Washington, whose members include more than 135 public pension funds, corporate and labor funds, and foundations and endowments with a combined $4 trillion in assets.
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The Council of Institutional Investors ( CII ) provided the SEC with feedback on its
semiannual regulatory agenda with a focus on investor protection,
corporate disclosure, and market systems and structure.
In the comment letter, CII advocated the following views:
Investor Rights and Protections. CII expressed
support for the adoption of the SEC s 2015 proposed Listing Standards for
Recovery of Erroneously Awarded Compensation, explaining that
some companies (i) have executive clawback policies that require
proof of misconduct or (ii) do not yet have clawback policies at
all. CII further expressed its belief that the finalization of the