Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

SEC Orders Mutual Funds to Report Proxy Votes

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.

Copyright 2003 NPR

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.
To make informed decisions, the public must receive unbiased truth.

As Southwestern Pennsylvania’s only independent public radio news and information station, we give voice to provocative ideas that foster a vibrant, informed, diverse and caring community.

WESA is primarily funded by listener contributions. Your financial support comes with no strings attached. It is free from commercial or political influence…that’s what makes WESA a free vital community resource. Your support funds important local journalism by WESA and NPR national reporters.

You give what you can, and you get news you can trust.
Please give now to continue providing fact-based journalism — a monthly gift of just $5 or $10 makes a big difference.