Connecticut Treasurer Denise Nappier called for Walt Disney Co. to permanently separate the positions of chairman and chief executive officer to improve oversight of management at the media and entertainment giant.
The Connecticut Retirement Plans and Trust Funds, the state's pension funds, filed a resolution with Disney this week, Nappier said.
The Disney board's decision in March to strip Chief Executive Officer Michael Eisner of the chairman's title isn't enough to ensure independent leadership in the future, Nappier said. The resolution is needed to prevent the positions from being combined again, she said.
Disney spokesman John Spelich did not return a telephone call seeking comment.
The Disney board removed Eisner from the chairman's role after shareholders withheld 43 percent of their ballots from him during the company's annual meeting in Philadelphia in March.
Connecticut's funds withheld their vote for Eisner. Former U.S. Sen. George Mitchell, presiding director of Disney's board, was chosen as his replacement.
Connecticut owns 1.1 million Disney shares, a spokesman for Nappier said.
Prior to the vote, Eisner had been under criticism by some shareholders, including former directors Roy Disney and Stanley Gold.
The Connecticut Retirement Plans and Trust Funds, the state's pension funds, filed a resolution with Disney this week, Nappier said.
The Disney board's decision in March to strip Chief Executive Officer Michael Eisner of the chairman's title isn't enough to ensure independent leadership in the future, Nappier said. The resolution is needed to prevent the positions from being combined again, she said.
Disney spokesman John Spelich did not return a telephone call seeking comment.
The Disney board removed Eisner from the chairman's role after shareholders withheld 43 percent of their ballots from him during the company's annual meeting in Philadelphia in March.
Connecticut's funds withheld their vote for Eisner. Former U.S. Sen. George Mitchell, presiding director of Disney's board, was chosen as his replacement.
Connecticut owns 1.1 million Disney shares, a spokesman for Nappier said.
Prior to the vote, Eisner had been under criticism by some shareholders, including former directors Roy Disney and Stanley Gold.