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Practical Takeaways for ERISA Plan Fiduciaries from District Court's ESG Ruling
Ropes & Gray LLP Link to more items from this source
Jan. 16, 2025

"Plan sponsors may wish to conduct greater diligence and monitoring of investment managers' use of ESG and other collateral considerations in conducting business that impacts retirement plans.... ERISA plan fiduciaries that delegate proxy voting authority to their managers under the terms of their IMAs [may see] additional focus going forward on their monitoring and scrutiny of the voting activities of their managers.... Prudence is process: lessons for surviving a claim alleging breach of the duty of prudence.... The 2022 ESG rule remains in effect (for now)." [Spence v. Am. Airlines, Inc., No. 23-0552 (N.D. Tex. Jan. 10, 2025)]  MORE >>

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