New Guidance Restores 1994 ERISA Proxy Voting Interpretation

2017-01-20T18:54:39-08:00January 20th, 2017|Categories: ERISA, ESG|Tags: , |

The DOL bulletin also clarifies the ability to consider ESG factors in proxy voting and shareholder engagement. On December 29, 2016, the Department of Labor (DOL) issued Interpretive Bulletin 2016-1 (IB 2016-1), addressing how the Employee Retirement Income Security Act’s (ERISA’s) fiduciary responsibility rules apply to proxy voting, maintenance and compliance with investment policy statements, and active engagement with corporate management by plan fiduciaries, as well as other legal rights of shareholders. […]