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

|About: Duke Energy Corporation (DUK)|By:, SA News Editor

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.