18 pages. Excerpt: This paper: Discusses the responsibilities of fund boards of directors in overseeing proxy voting of fund portfolio securities; Considers various arrangements that funds and their advisers use to vote proxies, as well as other proxy voting issues that can arise for specific categories of funds or particular investment practices; Attempts to identify the major issues that boards are likely to face in establishing and overseeing a fund's proxy voting policy; Offers suggestions for board consideration in evaluating and resolving proxy voting issues.  MORE >>