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SEC Orders Mutual Funds to Report Proxy Votes

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SEC Orders Mutual Funds to Report Proxy Votes

Business

SEC Orders Mutual Funds to Report Proxy Votes

SEC Orders Mutual Funds to Report Proxy Votes

  • Download
  • <iframe src="https://www.npr.org/player/embed/935454/935455" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Mutual funds hold enormous power in the corporate world by controlling large chunks of stock in various companies. Until now, they haven't been required to divulge how they use their proxy voting power. But a new SEC rule will make mutual funds report those votes once a year. NPR's Jim Zarroli reports.