Jack ehnes biography

Multi-stakeholder appointments to GRI’s governance bodies

GRI, provider of the world’s most widely used sustainability reporting standards, has announced changes to its Board of Directors.

The appointments come at a time when corporate sustainability is high on the global agenda – reinforced by the impact of the pandemic and the need to quicken progress on the Sustainable Development Goals – all of which emphasize GRI’s leadership role as an enabler for transparency and accountability.

The four new Board appointees, which take effect from January 2021, are:

  • Bola Adeeko – Division Head, Shared Services, Nigerian Stock Exchange (Nigeria)
  • Esther An – Chief Sustainability Officer, City Developments Limited (CDL) (Singapore)
  • Cristina Gil – Vice President Sustainability, Orbia (Mexico)
  • Marina Grossi – President of CEBDS (Brazilian Business Council for Sustainable Development) (Brazil)

Departing having served their terms are: Olaf Brugman (Rabobank, Head of Sustainable Capital Markets, Brazil); Özlem Denizmen (Dogus Group, Social Investments Executive VP,

Christopher Ailman

California State Teachers’ Retirement System (CalSTRS) Chief Investment Officer Christopher Ailman is set to receive a bonus of more than $1.1 million, after the $308.6 billion pension fund reported its highest investment return in nearly four decades for fiscal year 2020-2021. The pension fund’s retirement board will vote on whether to approve the bonus on Friday.

The bonus, combined with Ailman’s base pay of just over $590,000, would be the highest compensation on record for the CIO, according to the Sacramento Bee, which cited the State Controller’s Office’s public pay database.

According to the agendas for CalSTRS’ board meetings later this week, the evaluation criteria and weightings used to determine the incentive award for the CIO are: average of asset class performance (25%), total investment portfolio performance (50%), and personal performance (25%). The maximum incentive opportunity for the CIO is 200% of the base salary earned during the fiscal year.

The incentive metric for Ailman’s total investment

JACK EHNES

Jack Ehnes serves as a member of BPC’s Executive Council on Infrastructure. He is the CEO of the California State Teachers’ Retirement System (CalSTRS). Ehnes provides leadership for the largest educator-only pension fund in the world. CalSTRS administers a hybrid retirement system, consisting of a traditional defined benefit, cash balance and defined contribution plans, as well as disability and survivor benefits. CalSTRS serves more than 868,000 members and benefit recipients. The asset value of the investment portfolio was $190.8 billion as of February 28, 2015. CalSTRS administers retirement benefits for California’s public school educators in grades kindergarten through community college.

 

Ehnes came to CalSTRS in 2002 from Great-West Life & Annuity Insurance Company (Denver, Colorado). Among his duties as vice president for corporate affairs, Ehnes served as the trustee/plan administrator for Great-West’s employees’ defined benefit and defined contribution plans. Prior to Great-West, Ehnes served as the Colorado insurance commissioner, deputy insu

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