Interpretive Bulletin Relating to Exercise of Shareholder Rights

The DOL issues an Interpretive Bulletin setting forth its views on the legal standards imposed on fiduciaries with respect to the exercise of shareholder rights and proxy statements.

Document Excerpt

This document sets forth the views of the Department of Labor concerning the legal standards imposed by sections 402, 403 and 404 of Title I of the Employee Retirement Income Security Act (ERISA) with respect to the exercise of shareholder rights and written statements of investment policy, including proxy voting policies or guidelines.

 

Link http://www.dol.gov/federalregister/HtmlDisplay.aspx?DocId=21630&AgencyId=8

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