Cal. Gov. Code § 20209

Current through the 2023 Legislative Session.
Section 20209 - Establishment of position for person experienced in corporate management

The board shall, pursuant to the state civil service statutes, either contract with, or establish and fill a full-time position for, a person who is experienced and knowledgeable in corporate management issues to monitor each corporation any of whose shares are owned by this system and to advise the board on the voting of the shares owned by this system and on the responses of this system to merger proposals and tender offers.

Notwithstanding Section 13340, there is hereby continuously appropriated, without regard to fiscal years, from the retirement fund, an amount sufficient to pay all costs arising from this section.

Ca. Gov. Code § 20209

Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.