Friday, May 28, 2010

Standard III(A) Loyalty, Prudence And Care

  • Voting proxies is an integral part of the management of investments.
  • A fiduciary who fails to vote proxies may violate the Standard.
  • A cost-benefit analysis may show that voting all proxies may not benefit the client, so voting proxies may not be necessary in all instances.
  • Members and candidates should disclose to clients their proxy-voting policies.

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