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Teacher Fund Gives Billion-Dollar Leeway To Its Staff

Publication Date: 
August 05, 2007
Source: 
Austin American-Statesman
Author: 
Robert Elder

The Austin American-Statesman quotes Director of Corporate Governance Projects Glenn Miles in a story about the Teacher Retirement System of Texas:

Ultimately, "the responsibilty is on a board's shoulders, and it's a heavy responsibility," said Glenn Miles, director of corporate governance projects at the Stanford University School of Law.

Miles said a pension fund needs rigorous conflict-of-interest disclosure policies and, preferably, a system in which whistle-blowers can alert state officials about improper relationships and investments.