State funds-proxy voting and pecuniary investments.
What changed between versions
Added explicit language prohibiting investments based on environmental, social, governance, political, or ideological interests, with specific examples of harms to Wyoming citizens and financial well-being.
Added requirement for investment entities to publicly disclose proxy votes on the state treasurer's website, including vote dates, descriptions, and explanations, maintained for five years.
Added requirement for external investment managers to annually attest in writing that they have adhered to the bill's requirements.
Modified proxy voting oversight requirements to explicitly require consistency with pecuniary interests and state financial interests.
Added requirement for investment entities to hire proxy managers who report semiannually on their activities.
Added requirement for investment entities to respond in writing to vendors acting on nonpecuniary factors that could harm state returns or increase risk.
Added authorization for investment entities to use up to one basis point of annual investment returns to fund proxy voting and related compliance activities.
