The California Public Employees' Retirement System this morning announced it has named four companies on its 2009 Focus List. They are
Eli Lilly, the big pharmaceuticals firm;
Hill-Rom Holdings, a medical technology provider;
Hospitality Properties Trust, a real estate investment fund;
IMS Health, which provides information and analysis to the pharmaceutical and health care industries.
The Focus List is an annual Hall of Shame that casts a spotlight on firms in CalPERS' investment portfolio that fund says resist adopting governance practices that could improve stock performance.
CalPERS has posted details about each firm, including specific policy changes the fund is proposing. You can view that list here.