Stay updated with breaking news from Proxy voting rule. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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. ....
To embed, copy and paste the code into your website or blog: President Biden nominated Marty Walsh, Mayor of Boston, as Secretary of Labor, and as his nomination remains pending, questions arise on what changes will be made regarding ERISA fiduciary rules that were established under the Trump Administration. One rule that will likely be reviewed, and possibly changed, is a final rule regarding the “environmental, social and governance” (ESG) factors used by fiduciaries to determine Employee Retirement Income Security Act (ERISA) investments. These factors continuously have been reviewed by Republican and Democratic Departments of Labor most recently by the Trump Administration, which established the “Financial Factors in Selecting Plan Investments” final rule. The Financial Factors Rule generally prohibits ERISA fiduciaries from considering “non-pecuniary” factors for plan investments. This Rule received criticisms because it has been perceived as possibly dete ....
ERISA Fiduciaries Under a Biden Labor Department: What Is on the Horizon? | Morgan Lewis jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
On October 30, 2020, the U.S. Department of Labor (the “DOL”) issued a final rule on “ESG” investing which requires ERISA plan fiduciaries to base investment decisions on financial. ....