1. SEC's Lee Seeks More Proxy Vote Details from Powerhouse Funds

    SEC's Lee Seeks More Proxy Vote Details from Powerhouse Funds

    (Reuters) - The acting chair of the U.S. securities regulator on Wednesday called for clearer disclosures on how asset managers cast the votes that dominate most corporate elections. Securities and Exchange Commission acting chair Allison Herren Lee said disclosure rules have failed to help everyday investors especially as they focus more on environmental and social issues...

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    1. It is high time to revisit this critical form and make it useful in creating needed transparency around the fundamental exercise of shareholder voting.
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