To Vote Or Not To Vote, That Is The Proxy Question For The Retirement Plan Fiduciary

Christopher Carosa, CTFA

Sep 15, 2020

Fiduciary Duties Regarding Proxy Voting and Shareholder Rights.

“Investors should vote proxies, even if the shareholder only has a small position in the company,” says Stephen H Akin, a Registered Investment Adviser with Akin Investment, LLC in Biloxi, Mississippi “Bringing the small holder into the process is good for both parties. It brings the shareholder closer to the company. Shareholders always know more about their holdings after the process is completed. The companies often use the participation rate and data of small holders for insight into who represents their broad base of stockholders.”