Illinois State Treasurer’s Office News Releases
State Treasurer Michael Frerichs Sends Thousands of Letters to Encourage Residents to Claim Nearly $20 Million in Unclaimed Property
SPRINGFIELD — Tens of thousands of letters informing Illinois residents that they have unclaimed cash or property ready to claim are hitting mailboxes this month, Illinois State Treasurer Michael Frerichs said today. “Our office uses many methods, including U.S. mail, events, and print and digital advertising, to connect unclaimed cash and property with its rightful owners,” Frerichs said. “We are proud to say that we have returned more than $1.2 billion in unclaimed property in the past five years, but there are billions more available to claim.” Frerichs said 25,715…
Illinois Treasurer Frerichs Accelerates Effort Calling on Russell 3000 Companies to Disclose Board Diversity Data
CHICAGO — Illinois State Treasurer Michael Frerichs intensified his call for all companies in the Russell 3000 index to disclose racial, ethnic and gender data for their board of directors. According to Frerichs, publicly reporting the demographics of board directors by race, ethnicity and gender provides valuable information for shareowners to better assess board effectiveness and company performance. “Insular corporate boards make too many decisions in an echo chamber and miss opportunities for growth and leadership,” Frerichs said. “Providing racial, ethnic and gender data for all board directors will allow…