ESG

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

Presenters:

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

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DOL plots new proxy voting rule

According to the new Spring 2020 Unified Agenda of Regulatory and Deregulatory Actions, the DOL plans to pursue a “deregulatory action [that] would modernize fiduciary practices related to the voting rights associated with ERISA plan investments and harmonize those regulations with the requirements of other regulators.  The goal of this proposal would be to protect the interests of participants and beneficiaries by: (1) addressing practices that could present conflicts of interest associated with proxy advisory firm recommendations; (2) ensuring that proxy voting decisions are based on best information; and (3) ensuring that proxy voting decisions are solely in the interest of, and for the exclusive purpose of providing plan benefits to, participants and beneficiaries.”

This appears to be in response to the President’s April 2019 Executive Order.