In the Margins
Updated guidance from the Labor Department states that fiduciaries can proactively apply environmental, social and governance factors when making investment decisions, as long as they focus on the economic merits of doing so. Interpretive Bulletin 2015-01, released by the DOL on Oct. 22, is intended to lessen concern about potential fiduciary risks for those who make “economically targeted investments.” Read the original story from InvestmentNews.
Most Read
Total compensation paid to independent mutual fund directors in 2023 increased, though the difference was smaller than in the year prior, according to industry data obtained ...
The Putnam Funds board has new leadership and a new independent member following the retirement of Kenneth Leibler, who chaired the board for six years and ...
Independent Chairman Hassell McClellan and the John Hancock Funds board made progress this summer on a years-long board refreshment effort, but they're not done yet. McClellan ...
The Securities and Exchange Commission has been accused of "over-regulation" in recent years as it has proposed and finalized dozens of rules in a relatively short ...