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Title: ¤Interpretive Bulletin Relating to the Exercise of Shareholder Rights and Written Statements of Investment Policy, including Proxy Voting Policies or Guidelines
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Abstract: This guidance supplements the views of the Department of Labor concerning the legal standards imposed on fiduciaries of employee benefit plans by sections 403 and 404 of Title I of the Employee Retirement Income Security Act (ERISA) when considering investments in “economically targeted investments.” These guidelines affect fiduciaries of employee benefit plans, including trustees, investment managers and others responsible for the management of employee benefit plan assets.
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Agency: Department of Labor(DOL)
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Priority: Substantive, Nonsignificant
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RIN Status:
First time published in the Unified Agenda
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Agenda Stage of Rulemaking:
Completed Actions
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Major:
No
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Unfunded Mandates:
No
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CFR Citation:
29 CFR 2509.08-2
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Legal Authority:
29 USC 1104; ERISA sec 404; 29 USC 1135; ERISA sec 505
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