Section 20209 Of Article 6. Investments From California Government Code >> Division 5. >> Title 2. >> Part 3. >> Chapter 2. >> Article 6.
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. The board shall, pursuant to the state civil service
statutes, either contract with, or establish and fill a full-time
position for, a person who is experienced and knowledgeable in
corporate management issues to monitor each corporation any of whose
shares are owned by this system and to advise the board on the voting
of the shares owned by this system and on the responses of this
system to merger proposals and tender offers.
Notwithstanding Section 13340, there is hereby continuously
appropriated, without regard to fiscal years, from the retirement
fund, an amount sufficient to pay all costs arising from this
section.