Corporate governance & leadership
TIAA and CREF have different governance boards
Our governing boards work to protect you
Learn about our board election processes
The TIAA Board of Overseers elects its own successors. It normally consists of seven members, including the TIAA president and CEO, with each member serving a seven-year term. As required by its governing documents, the same seven members of the TIAA Board of Overseers are the same seven members of the CREF Board of Overseers.
The TIAA Board of Overseers elects the TIAA trustees annually. Traditionally, TIAA participants — such as holders of TIAA individual life insurance policies and those with accumulations in the TIAA Real Estate Account — have been asked to express their preferences through an advisory vote. The TIAA Board of Overseers then considers the vote and but is ultimately responsible for formally electing the Board of Trustees.
The CREF Board of Trustees is elected directly by CREF participants. Each participant has a number of votes equal to the dollar amount of his or her CREF accumulation and/or the calculated number of dollars supporting CREF’s annuity obligations to that individual if he or she is receiving annuity income. Participants vote at CREF’s meeting of participants in person or — more typically — by proxy (ballots mailed, phoned in, or cast online). Ballots and proxy statements are made available to participants shortly after they become eligible to vote.
The TIAA trustees are elected annually and the CREF Trustees are elected every four years, from a diverse pool of candidates.
The TIAA Board of Trustees is made up of 14 individuals, including TIAA’s president and CEO, who oversee the management of TIAA. The TIAA Trustees are independent except for TIAA's president and CEO.The CREF Board of Trustees consists of 10 individuals who oversee the management of CREF. By policy, the positions of Chairman of the CREF Board of Trustees and Chief Executive Officer of CREF are held by different individuals.
Questions and inquiries regarding corporate governance should be sent to:TIAA Board of Trustees
CREF Board of Trustees
c/o Office of the Corporate Secretary
730 Third Avenue
New York, NY 10017-3206
Our boards have more women than most U.S. corporations
A history of diversity and inclusion
The boards at TIAA and CREF both have more non-management members than most U.S. corporations.
Nearly half our board members are senior-level members of academia.
TIAA and CREF trustees hail from many regions of the country.
Our leadership team
We're an open book
We’re committed to earning and maintaining your trust. Transparency is key and our annual reports, company financials, code of ethics and even our CEO’s contract are easily accessible and available for download.1