Trustee services to support the fiduciary responsibility for proxy voting

Investments in Employer Stock

Proxy Voting

Many investment committees and plan trustees bear fiduciary responsibility for proxy voting in connection with company stock held in employee benefit plans. In some cases, a proxy issue may create a conflict between the committee's fiduciary responsibilities under ERISA and the business interests of the plan sponsor. In such instances, Evercore Trust is often engaged to:

  • Oversee the pass-through of voting on company stock allocated to plan participant accounts

  • Vote stock when voting instructions are not timely received by plan participants

  • Vote stock held in defined benefit pension plans