Compliance | February 22nd, 2024 Judge Denies American Airlines’ Motion to Dismiss Federal judge allows lawsuit against American Airlines’ defined contribution plans to proceed.
Compliance | December 1st, 2023 New DOL Proxy Voting Rules Take Effect Friday The new rules will require managers to obtain consent for their investment policy.
Compliance | November 2nd, 2023 Judiciary Committee Targets Net-Zero and Decarbonization Nonprofit House Republicans have ordered the CEO of As You Sow, a shareholder representative committed to reducing carbon emissions, to testify...
Compliance | September 7th, 2023 Proposed Bill Would Block ESG Use in Retirement Plans House Republicans again push to roll back ESG investing for plan participants.
Compliance | August 3rd, 2023 Defendants List Narrowed on American Airlines ESG Lawsuit Fidelity Institutional and Financial Engines Advisors, LLC were removed as defendants to the lawsuit, the court docket shows.
Compliance | July 14th, 2023 Republicans Take Aim at Proxy Voting Firms Congressional Republicans allege that proxy firms give advice based on political preferences, not investors' financial interest.
Compliance | June 28th, 2023 House Republicans Call for More Transparency in ESG and Proxy Voting Republicans focus on the environmental aspect of ESG in a recently published report on Republican policy goals concerning investor activism.
Benefits | June 21st, 2023 Vanguard Lagged BlackRock, State Street on ESG Proposals Morningstar research examining a sample of shareholder proposals showed Vanguard opposed almost three-quarters of resolutions linked to environment, social and...
Data and Research | August 31st, 2022 Public Pension Funds Overwhelmingly Favor ESG Resolutions State and local defined benefit pension funds support environmental, social and governance shareholder resolutions at higher rates than do general...
Investing | August 24th, 2022 Florida Governor Bars State Funds From ESG Investing DeSantis contends that applying climate and racial sensitivity to asset allocation could harm financial performance.
Compliance | October 13th, 2021 DOL Proposes New Rule on ESG Investing in Retirement Plans The agency says the proposal seeks to emphasize that climate change and other ESG factors can be financially material and...
Compliance | August 10th, 2021 ESG Regulation Submitted to OMB by DOL The title of the regulation also suggests it will address the related but distinct issue of proxy voting advice and...
Compliance | March 10th, 2021 DOL Holding Off on Enforcing ESG, Proxy Voting Rules Until the publication of further guidance, the department says it will not enforce either final rule or pursue enforcement actions...
Compliance | December 11th, 2020 DOL Announces Final Proxy Voting Rule The DOL says it settled upon the final rule after reviewing approximately 300 written comments and 6,700 form letters from...
Compliance | September 4th, 2020 DOL’s Proposed Proxy Voting Rule Another Attempt to Make Stance Permanent Attorneys say the DOL is showing frustration over the regulatory back and forth on employee benefit plan proxy voting as...
Compliance | August 31st, 2020 DOL Proposes Rule on Employee Benefit Plan Proxy Voting The proposal sets forth ‘permitted practices’ under which the plan fiduciary can adopt certain proxy voting policies and parameters, among...