Illinois State Treasurer’s Office News Releases
Top Proxy Advisory Firms Support Frerichs, Other Investors’ Proposal to Make Changes at Facebook, Protect Shareholder Value
SPRINGFIELD — Illinois State Treasurer Michael Frerichs today lauded top proxy advisors, Institutional Shareholder Services (ISS) and Glass Lewis, for supporting a shareholder proposal co-filed by Frerichs asking Facebook to review its content policies to mitigate material risks and protect shareholder value. Frerichs has also continuously called for corporations, including Facebook, to amend their corporate bylaws to require the Board Chair be independent from the CEO to improve oversight and risk management. “Facebook continues to put its investors at risk,” said Frerichs. “Now is the time for change. We need…
Does the State of Illinois Have Your Money?
SPRINGFIELD — A statewide digital media, newspaper and direct mail push is underway to reunite residents with more than $2 billion in unclaimed property, Illinois State Treasurer Michael Frerichs today. Frerichs drew attention to the advertising blitz to reassure residents that the unclaimed property effort is legitimate and not an elaborate hoax. The treasurer’s office never charges a fee to search for, and return, unclaimed property. “For most people, it is difficult to believe that they might have overlooked an investment account or forgot to pick up a final paycheck.…