CalSTRS wants Facebook board to expand, add women

[ayodele]

(Reuters) - The California State Teachers' Retirement System, the second-largest largest pension fund in the United States, wants Facebook Inc to expand its board of directors and diversify a panel that has no women. "We are disappointed that the Facebook board will not have any women members," CalSTRS corporate governance director Anne Sheehan wrote in a letter to Facebook founder and Chief Executive Mark Zuckerberg Tuesday. "We believe that investors and the company would benefit from a larger, more diverse board. ...