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EBSA Clarifies Fiduciary Duties Regarding Proxy Voting
Deloitte via BenefitsLink 
[Guidance Overview] Nov. 12, 2008
Excerpt: Emphasizing that a key consideration is whether the shareholder activity ? the proxy voting, the statement of investment policy, or shareholder activism ? seeks to enhance the economic value of the plan's investments (and does not subordinate the economic interest of the plan to unrelated objectives), the Employee Benefits Security Administration (EBSA) issued Interpretive Bulletin 08-2 to update its prior guidance on the duties of ERISA fiduciaries when exercising shareholder rights.
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