Voting on Principle – ERISA Proxy Regulation Finalized
By EsqSocial Corporation 21/12/20
Overview - At the end of last week, on December 11, 2020, the Department of Labor (the “DOL”) released a Final Rule, Fiduciary Duties Regarding Proxy Voting and Shareholder Rights (the “Final Rule”), which addresses the application of the prudence and exclusive purpose duties under the Employee Retirement Income Security Act of 1974 (“ERISA”) to the exercise of shareholder rights, including proxy voting, the use of written proxy voting policies and guidelines and the selection and monitoring of...
By: Dechert LLP