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2025 Corporate Governance Stewardship Report
Our Corporate Governance Program works to help protect the New York State Common Retirement Fund’s long-term value by exercising prudent stewardship of our portfolio by engaging with the public companies we invest in on key environmental, social, and governance issues that have a financial impact.
https://www.osc.ny.gov/files/reports/special-topics/pdf/2025-stewardship-priorities.pdfDiNapoli Calls on Companies to Increase Board Diversity
… orientation. The companies are among hundreds with no women directors that DiNapoli has contacted as trustee of the … all incumbent board directors at companies that have no women directors and has voted accordingly at 616 such … more than 200 companies in the Russell 3000 Index with no women directors, informing them of the Fund’s recent votes …
https://www.osc.ny.gov/press/releases/2019/03/dinapoli-calls-companies-increase-board-diversityMonitoring of Not-for-Profit Cemeteries for Fiscal Stability and Adequate Facility Maintenance (Follow-Up)
To determine the extent of implementation of the four recommendations included in our initial audit report Monitoring of NotforProfit Cemeteries for Fiscal Stability and Adequate Facility Maintenance 2016S79
https://www.osc.ny.gov/state-agencies/audits/2018/12/27/monitoring-not-profit-cemeteries-fiscal-stability-and-adequate-facility-maintenance-followDiNapoli and Schneiderman Announce Guilty Plea in $120K Fraud of State Pension Benefits
… and faces up to six years in prison,” DiNapoli said. “My office will continue to safeguard the New York State … who count on the pension they earned,” Schneiderman said. “My office will continue to protect taxpayer dollars and …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-and-schneiderman-announce-guilty-plea-120k-fraud-state-pension-benefitsCentral Office – Controls Over Bank Accounts
To determine whether officials of the City University of New Yorks Central Office adequately ensured that all bank accounts were authorized and only used for
https://www.osc.ny.gov/state-agencies/audits/2017/11/29/central-office-controls-over-bank-accountsComptroller DiNapoli Releases School Audits
… district and charter school finances and operations, my office continues to provide taxpayers the assurance that …
https://www.osc.ny.gov/press/releases/2014/09/comptroller-dinapoli-releases-school-audits-0Comptroller DiNapoli Releases School Audits
… school finances and operations, my office continues to provide taxpayers the assurance that their money is being … relied on significant amounts of appropriated fund balance to finance operations. As a result, for the 2011-12 and … resulting in district officials not having sufficient cash to pay district bills and other obligations when due. Sidney …
https://www.osc.ny.gov/press/releases/2014/09/comptroller-dinapoli-releases-school-auditsState Comptroller DiNapoli Releases School Audits
… district and charter school finances and operations, my office continues to provide taxpayers the assurance that …
https://www.osc.ny.gov/press/releases/2018/04/state-comptroller-dinapoli-releases-school-auditsDiNapoli: Pension Contribution Rates Remain Stable for Fiscal Year 2017-18
… Retirement System (NYSLRS) will stay virtually the same in Fiscal Year 2017-18 compared to Fiscal Year 2016-17, New … rates will remain stable for our participating employers in the near-term," DiNapoli said. "While the financial … pension fund remains one of the strongest and best funded in the country, allowing New York's public workforce to …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-pension-contribution-rates-remain-stable-fiscal-year-2017-18Former Newburgh City Fire Chief Pleads Guilty To Wire Fraud For Fraudulently Obtaining Retirement Benefits
… Preet Bharara said: “Michael Vatter, the former Newburgh City Fire Chief, cheated the public he swore to serve by … to the Indictment: VATTER served in the Newburgh City Fire Department in various capacities from in or about 1980 until … in May 2000. Following his retirement, VATTER attended law school and practiced law. In November 2009, the …
https://www.osc.ny.gov/press/releases/2016/04/former-newburgh-city-fire-chief-pleads-guilty-wire-fraud-fraudulently-obtaining-retirement-benefitsDiNapoli: Pension Contribution Rates for Employers Will Decrease for State Fiscal Year 2018-19
… contribution rates for the New York State and Local Retirement System (NYSLRS) in State Fiscal Year 2018-19 will decrease …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-pension-contribution-rates-employers-will-decrease-state-fiscal-year-2018-19Comptroller DiNapoli Releases Municipal Audits
… , Village of Bellerose , Village of Brushton , Town of Day and the Limestone Volunteer Firemen Inc . “In today’s … and accountability for our local communities is a top priority,” said DiNapoli. “By auditing municipal … and Cash Receipts (Nassau County) Village officials do not require the use of requisitions and purchase orders …
https://www.osc.ny.gov/press/releases/2014/12/comptroller-dinapoli-releases-municipal-auditsAudit of the Tuition Assistance Program at Stony Brook University
… complied with the Education Law and the Commissioner of Education’s Rules and Regulations when certifying students … tuition for New York State residents is approximately $6,200. TAP is an entitlement program designed to provide … Key Findings We determined that Stony Brook was overpaid $4,170,880 because school officials incorrectly certified …
https://www.osc.ny.gov/state-agencies/audits/2014/12/26/audit-tuition-assistance-program-stony-brook-universityComptroller DiNapoli Statement on Earth Day 2016
… change. As an investor, he has increased the Fund’s stake in sustainable investments to $5 billion, in order to …
https://www.osc.ny.gov/press/releases/2016/04/comptroller-dinapoli-statement-earth-day-2016DiNapoli: Former Village of Sherman Treasurer Arrested for Alleged Theft of $20,000
… innocent until and unless proven guilty in a court of law. Since taking office in 2007, DiNapoli has committed to … taxpayer money by calling the toll-free Fraud Hotline at 1-888-672-4555, by filing a complaint online at [email protected] or by mailing a complaint to: …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-former-village-sherman-treasurer-arrested-alleged-theft-20000DiNapoli Report Spotlights New York's Veterans
… Nearly three-quarters of the approximately 890,000 veterans living in New York served … in the Guard or Reserve, or have been honorably discharged from active duty may apply, through the NYBDC, for small business loans up to $150,000 to start or expand a business. Review …
https://www.osc.ny.gov/press/releases/2015/11/dinapoli-report-spotlights-new-yorks-veteransXII.6.N Paying the New York Independent Systems Operator – XII. Expenditures
… billed Business Units on a monthly basis. This monthly billing practice gave Business Units about five business days … Units, to settle with NYISO on a weekly basis. The weekly billing practice reduces the time Business Units have to … code for electricity utilities. A complete list of account codes for electricity utilities can be found in the Guide to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6n-paying-new-york-independent-systems-operatorOversight of Provider Consolidated Fiscal Reports – Independent Living, Inc.
… Objective To determine whether the Office of Mental Health (OMH) ensures that the costs … allowable, properly calculated, and adequately documented in accordance with C onsolidated Fiscal Reporting and …
https://www.osc.ny.gov/state-agencies/audits/2020/09/02/oversight-provider-consolidated-fiscal-reports-independent-living-incDiNapoli: State Tax Revenues Down $3 Billion
… $43.8 billion, $3 billion lower than the same period in the previous fiscal year, according to the monthly State … and New York continues to withhold billions of dollars in spending due to the fiscal impact of the coronavirus … This is due to several factors including an increase in federal Medicaid reimbursements and according to the state …
https://www.osc.ny.gov/press/releases/2020/11/dinapoli-state-tax-revenues-down-3-billionState Comptroller DiNapoli Releases Audits
… Manual (2019-S-56) Through Ages is a New York City-based for-profit organization authorized by SED to provide … who are between the ages of three and five years. For the three fiscal years ended June 30, 2015, auditors … reported costs that did not comply with the requirements for reimbursement and recommended those costs be disallowed. …
https://www.osc.ny.gov/press/releases/2020/06/state-comptroller-dinapoli-releases-audits-0