Proxy Voting

Public shareholder votes 'nearly irrelevant,' Delaware judge rules

"The uncertainty of benefits associated with ESG investing, combined with the certainty of costs for companies undertaking ESG activities, should motivate all market participants – ...

One bright spot about the new SEC final rule that will force registered funds and institutional managers to report more about their proxy votes is ...

"Requiring every fund to disclose its votes implicitly pressures funds to vote, even when voting is not in their best interest"

This is the SEC rule mandating that certain institutional managers report their proxy 'say-on-pay' votes

Commission closes book on 'say-on-pay,' imposes 14 new voting categories

"This rulemaking also will require institutional investment managers to disclose how they voted on 'say-on-pay' matters, which fulfills the mandate under" Dodd-Frank

"The Commission is too enthusiastic about the rule’s purported benefits to pay much attention to its costs"

This final rule from the SEC takes effect July 1, 2024

'We think the dissenting commissioners have it right that the proxy rule doesn’t seem to require what the order implies'