PRESS RELEASE: SEC Commission Guidance on Proxy Voting is Encouraging

FOR IMMEDIATE RELEASE August 21, 2019 SEC Commission Guidance on Proxy Voting is Encouraging The Institute for Pension Fund Integrity commends the SEC for moving towards greater clarity on the proxy voting requirements and fiduciary responsibility for institutional investors. However, more is needed. Arlington, VA – The Securities and Exchange Commission (SEC) has been reviewing […]

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Reforming The Proxy Advisory Firm Duopoly: An Analysis of Recent SEC Guidance and Its Implications for Public Pension Retirees

Since 2018, the U.S. Securities and Exchange Commission (SEC) has been evaluating the role that proxy advisory firms have regarding shareholder engagement. This has resulted in recent Commission-level guidance to clarify the relationship between proxy advisory firms and institutional investors. At the end of the day, public pension retirees rely on their pension systems and […]

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COMMENTARY: Safeguarding the pensions of public employees; With proxy reforms the SEC takes a first step in improving the health of U.S. pension funds

This op-ed originally appeared in The Washington Times on October 8th, 2019. Nearly a year after it held a roundtable on the topic, the Securities and Exchange Commission on Aug. 21 issued “an interpretation that proxy voting advice provided by proxy advisory firms generally constitutes a ‘solicitation’ under the federal proxy rules.” This is a […]

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PRESS RELEASE: IPFI Applauds SEC’s Actions Fixing the Proxy Advisory Process

FOR IMMEDIATE RELEASE November 14, 2019 IPFI Applauds SEC’s Actions Fixing the Proxy Advisory Process The Institute for Pension Fund Integrity welcomes the SEC’s latest proposed rules, which seek to restore trust and accountability to the shareholder voting process by addressing a range of negative practices rampant in proxy advisory services. Arlington, VA – Last […]

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CalSTRS Need to Focus More on Investment Performance, Less on Proxy Advisory Firms

The issue of proxy advisory reform is at the center of debate now with the SEC entering into a formal rulemaking process to roll back some of these firm’s unchecked powers. These firms have been known to make recommendations misconstruing or misinterpreting data, they have been allowed to operate and make recommendations with clear conflicts […]

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