DoL’s Proposed Proxy Voting Rule a Step in the Wrong Direction
October 14, 2020 at 15:08 PM EDT
By Richard F Lacaille, Global Chief Investment Officer, State Street Global Advisors The DoL’s new proposal to curb proxy voting rights of plan fiduciaries is likely to adversely affect the long-term performance of retirement plans. If implemented, the proposal will not only drive up the cost of...