The New York state pension fund plans to refuse to support the re-election of nine male directors during Sonic Automotive’s April 25 annual meeting. The New York state pension fund plans to refuse to support the re-election of nine male directors during Sonic Automotive’s April 25 annual meeting. He manages about $209.1 billion in assets for what is the third-biggest U.S. public pension fund. The New York pension fund owned shares in more than 400 U.S. businesses without any female directors last year. The New York pension fund sponsored the measure in 2015 and 2016.

Source: Wall Street Journal March 20, 2018 09:22 UTC