Bill > HB2547

This bill imposes requirements on certain stock shares held by governmental entities and their participants, including that such shares must be voted solely in the pecuniary interest of plan participants and their beneficiaries. It prohibits governmental entities from adopting practices that follow the recommendations of proxy advisors or other service providers unless those entities have a practice of following proxy voting guidelines that match the obligation to act solely upon pecuniary factors. The bill also requires all proxy votes to be tabulated and reported annually to the State Treasurer, with the reports posted publicly. The bill becomes effective on July 1, 2024, and an emergency clause is included for it to take effect immediately upon passage and approval.

Agriculture and Natural Resources, Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2547&Session=2400