Washington — The California Public Employees’ Retirement System, one of the largest pension funds in the country, has nominated former Securities and Exchange Commission chair Arthur Levitt to the board of the New York Stock Exchange. In addition to being the SEC’s longest-serving chairman, Levitt also headed the American Stock Exchange.
Under the NYSE’s recent reforms to its corporate governance, the exchange said that it would consider board recommendations from both members and investors.
Along with Levitt, the pension giant also nominated Ralph V. Whitworth, a principal of Relational Investors LLC, a $2.3 billion investment fund.
