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Loan & Distribution Specialist AimPoint Pension
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Bates & Company, Inc.
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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New DOL Rule Proposal Risks Chilling Proxy Voting and Shareholder Engagement
Stradley Ronon [Guidance Overview] Sept. 2, 2020 "While the proposal allows the fiduciary to determine the 'appropriate investment horizon,' it raises the prospect that long-term benefits, which may not be readily quantifiable today, could be afforded less weight.... [T]he proposal suggests that the costs the issuer incurs as a result of the voting and engagement are effectively costs to the plan (the idea being, apparently, that any cost to the company's bottom line necessarily diminishes the value of the plan's investment)." |
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