Wednesday, June 13, 2012

CalPERS CIO Joe Dear Elected Chair of SEC Investor Advisory Committee


SACRAMENTO, CA – The California Public Employees’ Retirement System’s (CalPERS) Chief Investment Officer Joe Dear (top left photo) was  elected to Chair the U.S. Securities and Exchange Commission’s (SEC) newly formed Investor Advisory Committee.

“I’m deeply honored to have been selected for this critical leadership role,” said Dear. “This committee will give a strong voice to investors on financial and regulatory matters. Investor input is important to making sure that we don’t forget the painful lessons we learned from the recent financial crisis.”

The Investor Advisory Committee was created by the SEC in April, and appointments were made by SEC Chair Mary L. Schapiro (lower left photo).  

CalPERS joined 21 other organizations, including Anne Sheehan, Director of Corporate Governance for the California State Teachers' Retirement System, and Ann Yerger, Executive Director of the Council of Institutional Investors.

“Joe’s knowledge and experience will be a great asset as the Investor Advisory Committee works on its agenda to protect investors and promote fair and efficient markets,” said Anne Stausboll (top right photo), CalPERS Chief Executive Officer.

The committee was established under 2010’s Dodd-Frank Wall Street Reform and Consumer Protection Act. It is charged with advising the SEC on regulatory priorities; the regulation of securities, trading strategies and fee structures; the effectiveness of disclosure; and initiatives to protect investors and promote confidence in the financial markets.

Contact:

External Affairs Branch
(916) 795-3991
Robert Udall Glazier, Deputy Executive Officer
Brad Pacheco, Chief, Office of Public Affairs

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