Fiduciary Duties Regarding Proxy Voting and Shareholder Rights

74 organizations filed 75 public comments on Fiduciary Duties Regarding Proxy Voting and Shareholder Rights, at the Employee Benefits Security Administration. The comment window closed 2122d ago.

Abstract

The Department of Labor (Department) is proposing to amend the ‘‘Investment duties’’ regulation issued in 1979 to address 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 proxy advisory firms. This document also states that Interpretive Bulletin 2016–01 no longer represents the view of the Department regarding the proper interpretation of ERISA with respect to the exercise of shareholder rights by fiduciaries of ERISA-covered plans, and notes that it will be removed from the Code of Federal Regulations when a final rule is adopted.

Commenters (74)

• American Bankers Associationtrade assoc.

  2 filings · confidence 97%
• 0003 US Impact Investing Alliance Seegull 09042020trade assoc.

  1 filing · confidence 85%
• 0017 Natural Investments LLC 09212020unverified attribution

  1 filing · confidence 70%
• 0021 West Virginia Manufacturers Association McPhail 09302020trade assoc.

  1 filing · confidence 85%
• 0026 RBC Global Asset Management Inc. Chornous 09242020unverified attribution

  1 filing · confidence 70%
• 0028 Council of Institutional Investors Mahoney 09242020trade assoc.

  1 filing · confidence 85%
• 0033 Chair of the Pensions Committee of the House of Delegates West Virginia Legislature Dianna Graves 09242020trade assoc.

  1 filing · confidence 85%
• 0035 CAIA Association Kelly 09252020trade assoc.

  1 filing · confidence 85%
• 0037 American Bankers Association; American Council of Life Insurers; Defined Contribution Institutional Investment Association; Insured Retirement Institute; Investment Adviser Association; Investment Company Institute; Securities Industry and Financial Markets Association; SPARK Institute 09252020trade assoc.

  1 filing · confidence 85%
• 0042 Impax Asset Management LLC Keefe Fox Gorte 09282020unverified attribution

  1 filing · confidence 70%
• 0050 Committee on Mission Responsibility Through Investment of the Presbyterian Church U.S.A. Fohr 09292020trade assoc.

  1 filing · confidence 85%
• 0064 Vermont Pension Investment Committee Vermont State Treasurer Pearce 09302020trade assoc.

  1 filing · confidence 85%
• 0123 ICGN International Corporate Governance Network Waring 10012020unverified attribution

  1 filing · confidence 70%
• 0135 Elliott Management Corporation Zabel 10012020unverified attribution

  1 filing · confidence 70%
• 0162 Dakota County Regional Chamber of Commerce Failor 1002020trade assoc.

  1 filing · confidence 85%
• 0163 International Union of Bricklayers and Allied Craftworkers Driscoll 10022020unverified attribution

  1 filing · confidence 70%
• 0171 Worker Owner Council of the Northwest Kilgore 10022020trade assoc.

  1 filing · confidence 85%
• 0172 City Council Member of Burnsville Minnesota Kealey 10022020trade assoc.

  1 filing · confidence 85%
• 0178 Riverwater Partners LLC Bohlen Peck Wait 10022020unverified attribution

  1 filing · confidence 70%
• 0179 Revenue Enablement Institute Diorio 10022020trade assoc.

  1 filing · confidence 85%
• 0196 SBE Council Kerrigan 10042020trade assoc.

  1 filing · confidence 85%
• 0200 Project 21 Horace Cooper Bishop Council Nedd II Stacy Washington 10042020trade assoc.

  1 filing · confidence 85%
• 0205 American Bankers Association Keehan 10052020trade assoc.

  1 filing · confidence 85%
• 0206 MSCI Inc. Briand 10052020unverified attribution

  1 filing · confidence 70%
• 0209 Institutional Shareholder Services Inc. Retelny 10052020unverified attribution

  1 filing · confidence 70%
• 0213 American Council on Renewable Energy 10052020trade assoc.

  1 filing · confidence 85%
• 0215 American Benefits Council Jacobson 10052020trade assoc.

  1 filing · confidence 85%
• 0220 Addenda Capital Inc. Jalbert Durocher 10052020unverified attribution

  1 filing · confidence 70%
• 0227 Committee on Investment of Employee Benefit Assets CIEBA Simmons 10052020trade assoc.

  1 filing · confidence 85%
• 0231 Institute for Pension Fund Integrity Burnham 10052020trade assoc.

  1 filing · confidence 85%
• 0234 Wellington Management Company LLP 10052020unverified attribution

  1 filing · confidence 70%
• 0235 National Taxpayers Union Aiello 10052020unverified attribution

  1 filing · confidence 70%
• 0238 West Virginia Chamber of Commerce Roberts 10052020trade assoc.

  1 filing · confidence 85%
• 0242 Council for Investor Rights and Corporate Accountability (CIRCA) Collins 10052020trade assoc.

  1 filing · confidence 85%
• 0243 American Federation of Statetrade assoc.

  1 filing · confidence 85%
• 0246 Market Institute Sauer 10052020trade assoc.

  1 filing · confidence 85%
• 0249 National Coordinating Committee for Multiemployer Plans NCCMP Scott 10052020trade assoc.

  1 filing · confidence 85%
• 0252 Investment Adviser Association Bernstein 10052020trade assoc.

  1 filing · confidence 85%
• 0261 SIFMA The Securities Industry Financial Markets Association Bleier 10052020trade assoc.

  1 filing · confidence 85%
• 0263 The Service Employees International Union SEIU Manley 10052020unverified attribution

  1 filing · confidence 70%
• 0265 Washington State Building and Construction Trades Council Riker 10052020trade assoc.

  1 filing · confidence 85%
• 0266 Teachers Insurance and Annuity Association of America (TIAA) O'Brien Denize 10052020trade assoc.

  1 filing · confidence 85%
• 0270 California Federation of Teachers Brown 10052020trade assoc.

  1 filing · confidence 85%
• 0272 Plan Sponsor Council of America Graff Wielobob Hansen 10052020trade assoc.

  1 filing · confidence 85%
• 0276 The Nathan Cummings Foundation Campos 10052020trade assoc.

  1 filing · confidence 85%
• 0284 Managed Funds Association and Alternative Investment Management Association Allensworth Jacobs-Dean 1052020trade assoc.

  1 filing · confidence 85%
• 0285 United Food and Commercial Workers International Union Ford 10052020unverified attribution

  1 filing · confidence 70%
• 0286 U.S. Impact Investing Alliance Seegull 10052020trade assoc.

  1 filing · confidence 85%
• 0287 Investment Company Institute Olson Abbey 10052020trade assoc.

  1 filing · confidence 85%
• 0291 Manulife Investment Management (US) LLC 10052020unverified attribution

  1 filing · confidence 70%
• 0297 The Committee For Justice Baker 10052020trade assoc.

  1 filing · confidence 85%
• 0300 CFA Institute Allen Karakulova 10052020trade assoc.

  1 filing · confidence 85%
• Environmental Defense Fundtrade assoc.

  1 filing · confidence 97%
• Inc Griego-Kiel 09222020unverified attribution

  1 filing · confidence 70%
• Inc Woodman Yonston 10022020unverified attribution

  1 filing · confidence 70%
• Inc. Harrington 09162020unverified attribution

  1 filing · confidence 70%
• Inc. Harrington 09292020unverified attribution

  1 filing · confidence 70%
• Inc. Jenifer 10022020unverified attribution

  1 filing · confidence 70%
• Inc. Kruczek 10052020unverified attribution

  1 filing · confidence 70%
• Inc. Meder 10022020unverified attribution

  1 filing · confidence 70%
• Inc. Novick Boss Rosser 10052020unverified attribution

  1 filing · confidence 70%
• Inc. Robinson 10052020unverified attribution

  1 filing · confidence 70%
• Inc. Rouse 10032020unverified attribution

  1 filing · confidence 70%
• Inc. Schwartzer 10052020unverified attribution

  1 filing · confidence 70%
• LLC Cameron Garzon-Mitchell 10052020unverified attribution

  1 filing · confidence 70%
• LLC Compere 10052020unverified attribution

  1 filing · confidence 70%
• LLC Eberhart 09302020unverified attribution

  1 filing · confidence 70%
• LLC Eiynck Fier 10022020unverified attribution

  1 filing · confidence 70%
• LLC Rosenberg 10052020unverified attribution

  1 filing · confidence 70%
• LLC Torbert 09292020unverified attribution

  1 filing · confidence 70%
• LLC Wilber 10012020unverified attribution

  1 filing · confidence 70%
• National Association of Manufacturers (NAM)trade assoc.

  1 filing · confidence 97%
• Sierra Club

  1 filing · confidence 97%
• U.S. Chamber of Commerce

  1 filing · confidence 97%