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DOL's Proposed Rule Solidifies Shareholder Rights, Including Proxy Voting
Ascensus Link to more items from this source
[Guidance Overview]
Sept. 24, 2020

"The DOL issued this proposed rule in part to correct a 'persistent misunderstanding' that ERISA fiduciaries must vote on all proxies presented to them. There have also been substantial changes in how plan administrators invest their plan assets and in how the investment industry operates as a whole. The proposed rule is intended to align the Investment Duties regulation with these changes and with recent SEC guidance on the proxy voting process."

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