Comments to the SEC on its Proposed Rule on Beneficial Ownership

The following post summarizes a comment letter to the SEC on its proposed rule to shorten the required filing time for disclosing the acquisition of more than five percent equity share in a public company. All comments can be found here. Under the Modernization of Beneficial Ownership Reporting (proposed rule), the U.S. Securities and Exchange Commission (SEC) seeks to shorten […]

The Shareholder Voting of Investment Advisers Under ERISA

The following is an edited comment letter that was submitted by Bernard S. Sharfman and James R. Copland to the U.S. Department of Labor with respect to the Department’s proposed rule, Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights (RIN 1210-AC03) The Employee Retirement Income Security Act (ERISA) requires a fiduciary to […]

ERISA and ESG Investing

The Department of Labor (“DOL”), through its administration of the Employee Retirement Income Security Act of 1974 (ERISA), has a critical role to play in the regulation of employee pension benefit plans. Most importantly, the DOL is tasked with enforcing the fiduciary duties of ERISA plan managers (trustees who retain investment and voting authority or […]