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Retirement Plan › Employee Benefits › Shareholder Rights

Littler

DOL Issues Final Rule for ERISA Fiduciaries Considering Socially Conscious Investments

Littler on

Employers offering 401(k) and similar retirement plans should familiarize themselves with a new rule published by the Employee Benefits Security Administration of the U.S. Department of Labor, Prudence and Loyalty in...more

Kramer Levin Naftalis & Frankel LLP

Department of Labor Proposes Regulations More Favorable to ESG-based Investment Decisions

Kramer Levin Naftalis & Frankel LLP on

On Oct. 13, 2021, the U.S. Department of Labor (DOL) proposed amendments to its regulations (the Proposed Rule) that enhance the ability of employee benefit plan fiduciaries to consider climate change and other environmental,...more

Morgan Lewis - ML Benefits

DOL Proposed Rule on Consideration of ESG Factors in ERISA Plan Investing: Proxy Voting Edition

Morgan Lewis - ML Benefits on

The US Department of Labor (DOL) released on Wednesday, October 13, a Notice of Proposed Rulemaking on Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights (the proposed rule), which would...more

Littler

Department of Labor Announces Non-Enforcement Policy and Intent to Revisit ESG, Proxy Rules

Littler on

On March 10, 2021, the Department of Labor’s Employee Benefits Security Administration (EBSA) announced that it will not enforce or otherwise pursue enforcement actions with respect to two recently issued final rules amending...more

Morgan Lewis - ML Benefits

DOL Announces Nonenforcement Policy for New ESG and Proxy Voting Rules

Morgan Lewis - ML Benefits on

In a somewhat expected development, the US Department of Labor’s Employee Benefits Security Administration (EBSA) issued an enforcement statement on Wednesday announcing that it will not enforce the recently published final...more

Morgan Lewis

DOL’s Final ERISA Proxy Voting Rule Largely Changed to Principles-based Approach

Morgan Lewis on

The US Department of Labor (DOL) has released its final rule on the application of ERISA fiduciary duties—specifically the duties of prudence and loyalty—to proxy voting and the exercise of shareholder rights. It takes effect...more

Foley & Lardner LLP

U.S. Department of Labor Issues Final Rule on Proxy Voting and Shareholder Rights by Employee Benefit Plans

Foley & Lardner LLP on

On December 11, 2020, the U.S. Department of Labor (“DOL”) announced a final rule establishing a regulatory framework for private employee benefit plans’ fiduciaries to follow when they exercise shareholder rights, including...more

McAfee & Taft

DOL proposes new proxy voting rule affecting retirement plan fiduciaries

McAfee & Taft on

On September 4, 2020, the Department of Labor published a proposed regulation addressing the proxy voting responsibilities of retirement plan fiduciaries and exercises of other shareholder rights. The proposed rule would...more

Stinson - Corporate & Securities Law Blog

DOL Proposes Rule on Employee Benefit Plan Proxy Voting and Exercises of Other Shareholder Rights

Stinson - Corporate & Securities Law Blog on

The U.S. Department of Labor yesterday made available a proposed rule that would address the application of the prudence and exclusive purpose duties under the Employee Retirement Income Security Act (ERISA) with respect to...more

Seyfarth Shaw LLP

Department Of Labor Has More To Say About ESG And Shareholder Rights

Seyfarth Shaw LLP on

On April 23, 2018, the Department of Labor (“DOL”) issued Field Assistance Bulletin No. 2018-01 (“FAB”), which clarifies Interpretive Bulletin 2015-01 (relating to a benefit plan selecting investments to promote social policy...more

Dechert LLP

DOL Casts Vote Against Previous Proxy Rules Under ERISA

Dechert LLP on

The U.S. Department of Labor (the “DOL”), on December 29, 2016, issued Interpretive Bulletin 2016-1 (“IB 2016-1”) under the Employee Retirement Income Security Act of 1974 ("ERISA") regarding the duties of fiduciaries under...more

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