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21 December 2020

Effective Date Set For DOL Rule Clarifying Plan Fiduciaries' Proxy Voting Obligations

CW
Cadwalader, Wickersham & Taft LLP

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Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
A DOL final rule setting forth the duties of plan fiduciaries as to voting proxies held by plans was published in the Federal Register.
United States Employment and HR

A DOL final rule setting forth the duties of plan fiduciaries as to voting proxies held by plans was published in the Federal Register. The final rule will go into effect on January 15, 2020.

See previous coverage for more information on the updated obligations of plan fiduciaries.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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