Proxy advisor conflicts – going forward

John Baker of Stradley’s Fiduciary Governance Group was interviewed by Ignites on the potential consequences of the recent SEC decision regarding the use of proxy advisors and why investment managers should be cautious.

George Michael Gerstein advises financial institutions on the fiduciary and prohibited transaction provisions of ERISA. As co-chair of the fiduciary governance group, he assists clients with tracking, and understanding, the numerous fiduciary developments at the federal and state levels, including the rules and regulations of governmental plans. He also advises clients with respect to the fiduciary duty implications of ESG investing.