Proxy voting decisions by passive funds catch Jackson’s eye

SEC Commissioner
Robert Jackson

Bloomberg Law has reported on a speech by SEC Commissioner Robert Jackson delivered earlier today in New York. He reportedly said, in the context of passive funds, “Investors do not get nearly enough usable information about how their money is being voted, and because of that, they cannot adequately hold those fund managers accountable for how they vote in those elections.” He suggested the SEC may want to consider whether more/different disclosure on proxy voting is necessary.