SB2641 amends Tennessee investment laws to redefine fiduciary responsibilities and voting practices.
SB2641 amends Tennessee investment laws by redefining fiduciary responsibilities and voting practices. It requires fiduciaries to vote shares for financial reasons and mandates economic analyses for shareholder-sponsored proposals. The bill prohibits conflicts of interest with proxy advisory firms and mandates back-testing of economic analyses. It also expands the definition of programs eligible for fiduciary oversight to include certain political subdivision retirement plans.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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