The SEC Should Do More To Fix Proxy Voting Process
Law360 (November 4, 2019, 2:12 PM EST) -- Under Chairman Jay Clayton, the U.S. Securities and Exchange Commission's focus has been the protection of Main Street investors and their savings. This makes sense, as the Main Street, or retail, investor is increasingly exposed to equity securities through intermediaries like mutual funds in their retirement vehicles or through their pension funds.
These intermediaries are governed by fiduciary duties defined by federal securities laws and by other statutes for pension funds. Those fiduciary duties require intermediaries to put their client’s interest first when investing in companies, and when voting shares held in their portfolios.
It’s easy to see why institutional investors...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!