Sara Crovitz quoted in Ignites regarding an SEC proposed rule that would standardize the information that funds must disclose about the proxy proposals they vote on
The full article can be found here.
The full Bulletin can be found here.
The release of DOL's ESG/proxy voting rule proposal appears to be imminent.
— Fiduciary Governance Group (@FidGovGroup) October 7, 2021
Recent incidents like the Colonial Pipeline cyber attack and the Equifax data breach highlight the vulnerability of private information and critical IT systems. Given that defined contribution assets are now at $12 trillion, there’s increased concern over retirement savings being more at risk since plan sponsors and their vendors collect highly-sensitive personal data from plan participants and beneficiaries.
In April, the U.S. Department of Labor announced new guidance for plan sponsors, plan fiduciaries, record keepers and plan participants on best practices for maintaining cybersecurity, including tips on how to protect retirement benefits. This is the first time the department’s Employee Benefits Security Administration has issued cybersecurity guidance which includes the following discussion points plan sponsors must follow:
When: Monday, October 25, 2021. 2 pm – 2:50 pm EST/11:00 am-11:50 am PST
Moderator: Tim Rouse, Executive Director, The Spark Institute, Inc.
Register for the live, in-person event here.
Register for the virtual conference here.