Shareholder Rights Project
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Negotiated Agreements Successful Proposals Declassifications Represented Institutions
The Shareholder Rights Project (SRP) was established by the Harvard Law School Program on Institutional Investors to contribute to education, discourse, and research related to efforts by institutional investors to improve corporate governance arrangements at publicly traded firms. During three academic years (2011-2012 through 2013-2014), the SRP operated a clinic that assisted institutional investors (several public pension funds and a foundation) in moving S&P 500 and Fortune 500 companies towards annual elections. This work contributed to board declassification at about 100 S&P 500 and Fortune 500 companies. This website provides information about the work done by the SRP clinic during its three years of operation. Any communications with respect to the SRP clinic should be attributed solely to the SRP and not to Harvard Law School or Harvard University.

Michael P. McCauley

Senior Officer — Investment Programs & Governance
State Board of Administration (SBA) of Florida

Mr. McCauley’s primary responsibilities include active strategies within corporate governance as well as investment program management for the Florida PRIME investment pool and other non-pension investment mandates. He also is a member of the SBA’s Senior Investment Group (SIG) and serves as Corporate Secretary for both the Florida Water Pollution Financing Corporation and the Inland Protection Financing Corporation. Prior to these duties, Mr. McCauley oversaw investment communications for the SBA and client service activities for non-pension investment products. Earlier, he served as Director of Administration for the defined contribution component of the Florida Retirement System (FRS).

Mr. McCauley is a member of the CFA Institute, the Jacksonville Society of Financial Analysts, the Society of Corporate Secretaries and Governance Professionals, the National Association of Corporate Directors (NACD), and the International Corporate Governance Network (ICGN).

In 2011, Mr. McCauley was elected to the Board of Directors of the Council of Institutional Investors (CII), and also serves as a member of both the Executive Remuneration and Accounting & Auditing Committees of the International Corporate Governance Network (ICGN). From 2009 until 2011, he served as Co-Chair of CII’s International Corporate Governance Issues Committee. Mr. McCauley served as a subcommittee member of the CFA Institute’s Global Corporate Governance Task Force from 2003 to 2005 as well as a member of the 2006 NACD/Council of Institutional Investors Joint Task Force Reviewing the Performance of Boards and Shareowners in the Post-Enron Environment. In 2008, Mr. McCauley was named a ‘Rising Star of Corporate Governance’ by the Millstein Center for Corporate Governance & Performance at the Yale School of Management.

Mr. McCauley earned a Bachelor of Arts degree from the University of Florida (UF) and a Master in Public Administration (MPA) from Florida State University (FSU).

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