Illinois State Treasurer’s Office News Releases
Midwest Investors Diversity Initiative Sees More Women and People of Color Gain Board Seats in 2020
SPRINGFIELD, IL — The Midwest Investor Diversity Initiative (“MIDI”), a 14-member alliance of institutional investors with more than $810 billion in assets under management and advisement, reported progress today on its efforts to increase board diversity at Midwest- based companies. During the 2019-2020 engagement season, MIDI engaged 12 companies, six of which committed to adopt diverse director policies and two appointed women board directors. MIDI focuses on board diversity by identifying companies that met the following three criteria: lack of racial or ethnic directors, lag peers on gender diversity, and…
State Treasurer Michael Frerichs’ I-CASH Program Eclipses $1 Billion in Unclaimed Property Returns
SPRINGFIELD — A record-shattering $1 billion in unclaimed property has been returned to Illinoisans and their families in the past five years, Illinois State Treasurer Michael Frerichs said today. It is the most that has been returned in any five-year period in the program’s 58-year history. “Government needs to work smarter. The numbers show our improvements to the unclaimed property program created a faster, better, and more efficient service,” Frerichs said. Unclaimed property refers to property or accounts within financial institutions or companies in which there typically has been no…