The Terminator is not the only larger-than-life force striding the streets of Sacramento. The golden state capital's also home to the mighty California state employees' pension fund-CalPERS-and the hand that guides it belongs to Anne Stausboll.

At $240 billion in assets CalPERS acts with clout in the marketplace both as investor and activist. "Our mandate is always to achieve the best returns we can, given acceptable risk levels," she says. "But we strongly believe there's a correlation between good corporate governance and long-term value. We do this with a business purpose."

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