CalPERS, NYC pension funds to vote against four Duke Energy directors

Duke Energy (DUK -0.1%) shareholders should vote against the re-election of four directors because of the recent coal ash spill that fouled the Dan River, CalPERS and NYC Comptroller Scott Stringer say.

The four directors “have failed to fulfill their obligations of risk oversight as members of a committee overseeing health, safety, and environmental compliance at the company,” CalPERS senior portfolio manager Anne Simpson and Stringer say in a letter sent today.

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Comments (2)
  • toomuchgas
    , contributor
    Comments (1035) | Send Message
    That is reasonable unless you have already voted which most have.
    14 Apr 2014, 04:04 PM Reply Like
  • maddynuke
    , contributor
    Comments (333) | Send Message
    These directors could be external directors, i.e., they do not work at Duke. Only directors that are Duke employees, in LINE management, should be booted. Kicking them all out without looking at their affiliations, voting record, etc. is foolish.
    15 Apr 2014, 12:31 PM Reply Like
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