October 15, 2021
I am in favor of these proposed rules. Increased transparency to proxy voting by certain types of mutual funds (for instance, index funds) is necessary in order to ensure said fund is still operating in a fashion consistent with investors strategic goals and ethical preferences. Similarly, institutional investment managers wield significant voting power, with discretionary authority over vast sums of money, especially with respect to so-called golden parachute compensation agreed to in mergers and acquisitions. Making managers go on record on how they used proxies to vote on such matters will only provide more information and a valuable frame of reference for external users and observers.