Step #1: Take Immediate Action
Clarify Fiduciary Rules and Responsibilities
Require pension and state trust fiduciaries only base investment decisions on pecuniary factors like investment performance and risk, not nonpecuniary factors like politics, ESG, etc.
Require Advance Proxy Vote Notice and Annual Reporting
Surface activism in proxy voting by allowing the public to view proxy votes well in advance of being cast, as well as requiring a compiled annual report of all proxy votes annually.
Require Limited Partner Status Reporting
Help mitigate activism through alternative asset managers like private equity and hedge funds by requiring the annual reporting of limited partners and all committed and allocated