9/9/2004: GAO Report: Pension Plans -- Additional Transparency and Other Actions Needed in Connection with Proxy Voting

U.S. Government Accountability Office [GAO]

45 pages. "Recent corporate scandals reveal that fiduciaries can be faced with conflicts of interest that could lead them to breach this duty. Because of the potential adverse effects such a breach may have on retirement plan assets, we were asked to describe [1] conflicts of interest in the proxy voting system, [2] actions taken to manage them, and [3] DOL's enforcement of proxy voting requirements." [GAO-04-749, published Aug. 10, 2004, released Sept. 9, 2004]