The Labor Department Should Finish the Job on Robo-Voting
In recent months the Securities and Exchange Commission (SEC) intervened in the proxy voting process, instituting changes that will modernize system after more than a decade and will help ensure that the interests of retail investors are better protected. Q3 2020 hedge fund letters, conferences and more Regulations On The Use Of Proxy AdvisorsNow, the Department of Labor has an opportunity to put tighter controls on private pension fiduciaries’ use of proxy advisors, not only supplementing the SEC’s action but simultaneously positively impacting investor behavior beyond its own jurisdiction. I...