Arizona Public Radio | Your Source for NPR News
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Arizona Public Radio continues to integrate new audio software for both our news and classical services, which is resulting in some technical issues, including dead air, overlapping audio and other glitches. We are working to resolve these issues and appreciate your patience and continued support.

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.