WASHINGTON: The AFL-CIO saw one of its major PR efforts of recent months bear fruit last week. It comes as organized labor takes advantage of the recent backlash against big business to push its agenda of corporate reform and increased government oversight.
The SEC has agreed to consider a rule change that will force mutual-fund companies to disclose to shareholders their funds' proxy-voting record.
Currently, mutual-fund companies are not required to publicly disclose how the funds vote on their corporate proxies. Proxies ...