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DOL/EBSA RIN: 1210-AB91 Publication ID: Spring 2021 
Title: Fiduciary Duties Regarding Proxy Voting and Shareholder Rights 
Abstract:

This regulatory action would address the application of the prudence and exclusive purpose duties under the Employee Retirement Income Security Act of 1974 to the exercise of shareholder rights, including proxy voting, the use of written proxy voting policies and guidelines, and the selection and monitoring of proxy advisory firms. 

 
Agency: Department of Labor(DOL)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 29 CFR 2550   
Legal Authority: 29 U.S.C. 1102 to 1104    29 U.S.C. 1135   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  09/04/2020  85 FR 55219   
NPRM Comment Period End  10/05/2020 
Final Rule  12/16/2020  85 FR 81658   
Final Rule Effective  01/15/2021 
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: Yes 
RIN Data Printed in the FR: Yes 
Agency Contact:
Jeffrey J. Turner
Deputy Director, Office of Regulations and Interpretations
Department of Labor
Employee Benefits Security Administration
Room N5669, 200 Constitution Avenue NW, FP Building, Room N-5655,
Washington, DC 20210
Phone:202 693-8500