Institutional Shareholder Services
“Responding to a 2019 Executive Order directing the Department to determine whether existing guidance on the fiduciary responsibilities for proxy voting should be rescinded, replaced or modified in order to “promote private investment in the Nation’s energy infrastructure,”12 the Department proposes to upend more than 30 years of guidance on how ERISA fiduciaries should approach the role of shareholders in the corporate governance of the public companies in which they invest.”
