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Executive director reports lobbying success; several Texas ESG-related bills tracked, most likely stalled
Summary
Executive Director Robert Ashe briefed trustees on recent staff activity including terminating Lazard, funding shifts to index funds, coordination with lobbyists on Texas legislation concerning ESG and proxy advisors, and upcoming reappointments and conferences.
Executive Director Robert Ashe updated the City of El Paso Employees Retirement Trust on legislative and governance matters at the May 21 meeting, including state bills that could affect public pension funds and recent board-level staffing and administrative items.
Ashe told the board that staff terminated Lazard and moved that allocation to index funds, and that the board’s lobbying firm (referenced as SGT) and the executive committee actively tracked roughly 10 bills during the Texas legislative session. Ashe…
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