AFL-CIO Key Votes Survey: How Investment Managers Voted in the 2004 Proxy Season
AFL-CIO Office of Investment
[Excerpt] Like other investment management decisions, pension funds generally delegate the authority to vote their shares to a money manager or a specialized proxy voting consultant. Because proxies are a plan asset, ensuring that they are voted in the interests of beneficiaries is part of a trustee’s fiduciary duty. The Key Votes Survey is intended to help trustees fulfill this duty by reviewing the voting records of these investment managers and proxy consultants.
AFL-CIO; investment; proxy; vote; consultants
Required Publisher Statement: Copyright by the AFL-CIO. Document posted with special permission by the copyright holder.