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DOL Final Rule Limits Proxy Voting by Retirement Plan Fiduciaries
Retirement plan fiduciaries will be barred from casting corporate-shareholder proxy votes in favor of social or political positions that don’t advance the financial interests of retirement plan participants, under a Department of Labor (DOL) final rule released on Dec. 11. These matters are often referred to as social, economic and governance (ESG) issues. “Reforms to […] More