CalPERS board member J.J. Jelincic last week publicly challenged his exclusion from board discussions and decisions about performance and pay for fund executives. The policy is based the advice of Attorney General (and U.S. Senate candidate) Kamala Harris, who saw potential conflicts of interest for Jelincic, a CalPERS employee on loan full-time to the board. Several years ago, then-AG Jerry Brown expressed similar concerns.
Several readers have asked to see the documents. We’ve embedded them below, or you can download the attorneys general Brown and Harris letters here and Jelincic’s letters here. Catch up on the controversy with this report from last week.
Call Jon Ortiz, Bee Capitol Bureau, (916) 321-1043.