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On December 29, 2016, the Department of Labor (DOL) issued Interpretive Bulletin 2016-01 (the “Bulletin”) relating to the exercise of shareholder rights by fiduciaries of employee benefit plans, including the voting of mutual fund proxies under 401(k) and similar retirement savings plans.

What is the Obligation?

Generally, the Bulletin provides that fiduciaries that manage employee benefit plan assets have a fiduciary obligation to exercise shareholder rights for securities (including mutual funds) held by such plans. Thus, plan fiduciaries may not simply ignore their voting rights.Continue Reading Proxy Voting and Interpretive Bulletin 2016-01

The Husch Blackwell Cortex office is co-located with innovators, entrepreneurs and start-up companies and provides quality consultation in a cost effective manner.  The Cortex Innovation Community is moving St. Louis toward becoming a world-class technology innovation district.

Start-up companies typically encounter a host of legal issues that cut across many legal disciplines. The goal of our Cortex initiative is to provide creative and innovative solutions targeted to the particular needs of the start-up and to provide these solutions in a cost effective manner.  Working with a start-up at their early stages is critical to their success.
Continue Reading Husch Blackwell’s Cortex Office