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DOL Finalizes ESG, Proxy Voting Regulation
Groom Law Group [Guidance Overview] Dec. 1, 2022 "The Rule ... is largely consistent with historic DOL positions, but it endeavors to provide fiduciaries with more latitude when considering environmental, social, and governance ('ESG') investment factors and voting proxies.... The Rule is scheduled to be published in the Federal Register on December 1, 2022, and it is generally effective 60 days after publication (i.e., January 30, 2022). However, certain provisions related to the reliance on proxy voting advisory firms and pooled fund manager proxy voting requirements will become effective one year after publication (i.e., December 1, 2023)." |
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