United States:
Federal Register: DOL Proposes Rule Clarifying Plan Fiduciaries' Proxy Voting Obligations
08 September 2020
Cadwalader, Wickersham & Taft LLP
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A DOL rule proposal that would clarify the duties of ERISA plan
fiduciaries on proxy voting was published in the Federal Register.
As previously covered, the proposed rule would
affirmatively require fiduciaries not to expend resources on
determining how to vote on issues where the determination and vote
would not economically impact the plan.
Comments on the proposal must be submitted by October 5,
2020.
Primary Sources
- Federal Register Proposed Rule: Fiduciary Duties
regarding Proxy Voting and Shareholder Rights
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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