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[Excerpt] Like other investment management decisions, pension funds generally delegate the authority to vote their shares to a money manager or a specialized proxy voting consultant. Because proxies are a plan asset, ensuring that they are voted in the interests of beneficiaries is part of a trustee’s fiduciary duty. The Key Votes Survey is intended to help trustees fulfill this duty by reviewing the voting records of these investment managers and proxy consultants.


Suggested Citation
AFL-CIO Office of Investment. (2004). AFL-CIO key votes survey: How investment managers voted in the 2004 proxy season [Electronic version]. Washington, DC: Author.

Required Publisher Statement
Copyright by the AFL-CIO. Document posted with special permission by the copyright holder.