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GAO Report: Pension Plans -- Additional Transparency and Other Actions Needed in Connection with Proxy Voting
U.S. Government Accountability Office [GAO]
Sept. 9, 2004
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]
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