New York City Comptroller William C. Thompson Jr., today applauded Senator Charles Schumer for his introduction of the “Shareholder Bill of Rights Act of 2009” to ensure greater accountability for corporate executives.  Thompson issued the following statement:

“I applaud Senator Schumer for introducing his ‘Shareholder Bill of Rights Act of 2009,’ to strengthen transparency in corporate governance and ensure that corporate executives are held accountable to the shareholders,” Thompson said. “The New York City Pension Funds have long been proponents of greater corporate responsibility and have succeeded, through our submission of shareholder resolutions, to adopt improved corporate governance reforms.  This bill includes provisions that the Funds have been advocating for and will establish reforms in companies who have refused to adopt higher standards in corporate governance, accountability and transparency.”

The New York City Pension Funds have joined a number of other large public pension funds in being listed on the legislation as supporters of the “Shareholder Bill of Rights Act of 2009.”

In addition to Thompson, Trustees for the five New York City Pension Funds are as follows: 

New York City Employees’ Retirement System: Bud Larson, Mayor’s Representative; New York City Public Advocate Betsy Gotbaum; Borough Presidents Scott Stringer (Manhattan), Helen Marshall (Queens), Marty Markowitz (Brooklyn), James Molinaro (Staten Island), and Ruben Diaz, Jr. (Bronx); Lillian Roberts, Executive Director, District Council 37, AFSCME; Roger Toussaint, President Transport Workers Union Local 100; and, Gregory Floyd, President, International Brotherhood of Teamsters, Local 237.
Teachers’ Retirement System: Bud Larson, Mayor’s Representative; Deputy Chancellor Kathleen Grimm, New York City Department of Education; mayoral appointee Tino Hernandez; and, Sandra March, Melvyn Aaronson (Chair) and Mona Romain, all of the United Federation of Teachers.

New York City Police Pension Fund: Mayor Michael Bloomberg; New York City Acting Finance Commissioner Michael Hyman; New York City Police Commissioner Raymond Kelly (Chair); Patrick Lynch, Patrolmen’s Benevolent Association; Michael Palladino, Detectives Endowment Association; Edward D. Mullins, Sergeants Benevolent Association; Thomas Sullivan, Lieutenants Benevolent Association; and, Roy T. Richter, Captains Endowment Association.

New York City Fire Department Pension Fund: Mayor Michael Bloomberg; New York City Fire Commissioner Nicholas Scoppetta (Chair); New York City Acting Finance Commissioner Michael Hyman; Stephen Cassidy, President, James Slevin, Vice President, Robert Straub, Treasurer, and John Kelly, Brooklyn Representative and Chair, Uniformed Firefighters Association of Greater New York; John Dunne, Captains’ Rep.; John J. McDonnell , Chiefs’ Rep., and James J. McGowan, Lieutenants’ Rep., Uniformed Fire Officers Association; and, Joseph Gagliardi, Marine Engineers Association.

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