Fiduciary Governance Blog

Reminder: Webcast – ESG Regulatory Lens – A Guide for Private Fund Managers on Tues., August 11

In the absence of clear regulatory guidance in many jurisdictions with respect to incorporation of environmental, social and governance (ESG) metrics into their businesses, what are the relevant considerations for private fund managers?

In this live Webcast, we will:

  • Provide an overview of ESG and how the strategies apply to the various types of private fund managers.
  • Give an update on the regulatory climate and legal developments for ESG from the US to Europe and Asia.
  • Provide a framework for approaching the development of an ESG process, including where to access useful tools and resources.

We encourage an open dialogue with the audience during the event, so please feel free to ask our presenters any relevant questions during the Webcast by clicking the “Q&A” button in the ON24 platform.

When: 2:00 p.m. EST Tuesday, August 11, 2020


Trysha Daskam, Director & Head of ESG Strategy, Silver Regulatory Associates

John P. Hamilton, Counsel, Stradley Ronon

George Michael Gerstein, Co-Chair, Fiduciary Governance, Stradley Ronon


SEC readies for additional proxy voting rules

As announced by the SEC:

Open Meeting Agenda

Wednesday, July 22, 2020

The two items of the Open Meeting will address the Commission’s continued efforts to enhance transparency, improve disclosures, and increase confidence in the proxy process. The specific matters to be considered are:

Item 1: Exemptions from the Proxy Rules for Proxy Voting Advice
Office: Division of Corporation Finance
Staff: William Hinman, Michele Anderson, Ted Yu, Luna Bloom, Daniel Greenspan, and Valian Afshar

The Commission will consider whether to adopt proxy rule amendments to provide investors who use proxy voting advice with should receive more transparent, accurate, and complete information on which to make voting decisions, without imposing undue costs or delays.

For further information, please contact Daniel Greenspan or Valian Afshar in the Division of Corporation Finance at (202) 551-3430.

Item 2: Supplement to Commission Guidance Regarding Proxy Voting Responsibilities of Investment Advisers
Office: Division of Investment Management
Staff: Dalia Blass, Paul Cellupica, David Bartels, Holly Hunter-Ceci, and Thankam Varghese

The Commission will consider whether to publish supplementary guidance to the Commission Guidance Regarding Proxy Voting Responsibilities of Investment Advisers, Release No. IA-5325 (Aug. 21, 2019), 84 FR 47420 (Sept. 10, 2019), regarding how the fiduciary duty and rule 206(4)-6 under the Investment Advisers Act of 1940 relate to an investment adviser’s proxy voting on behalf of clients.

For further information, please contact Thankam Varghese or Holly Hunter-Ceci in the Division of Investment Management at (202) 551-6825.