SCOOP: DEI policies threaten the American economy according to state employees

Exclusive: Twenty State financial staff Send today’s message to the American Securities and Exchange Committee (SEC), asset managers, proxy consultants and public companies, and the warning appears to the financial risks of Giving priority to political leatherLike Dei, on financial returns.

In the letter, 24 financial officers from the state Deh Destroy the value of shareholders and warn of the possible reactions and provinces of consumers, low productivity and increase the costs of litigation when the political agenda of our financial institutions invade.

The letter said: “The asset managers and the agent’s advisers should not give priority to a political business schedule for financial returns by supporting the proposals of the pro -Di and/or/or vote against managers who do not support such proposals.”

The officers highlight the steps taken by the Supreme Education Council under the President Donald TrumpManagement to prevent activists from paying a political agenda in the corporate halls. The message recommends companies on how to back down via NO-Action from SEC and follow up on the court’s ruling to prevent active proposals.

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“The recent guidelines directed by asset managers who pay Dei and other ESG policies on companies to apply for the most striking 13D schedule is a positive first step, but the implementation must follow. The impact on DEI policies for companies is not in line with the role of the negative investor and must lead to the 13D table with deposit requirements.”

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The 13D table is a SEC condition when someone acquires a large share in a public company. In the letter, the officers argue that it must be required to schedule 13D to the asset managers who influence the DEI policies of companies.

“As financial officials in the state, it is the duty to protect the money of taxpayers and retirement savings for state employees. Acting asset managers and advisors must oppose the proposals that force companies to maintain or restore illegal DEI practices that eat the value of shareholders,” state employees said in the letter.

Financial officials request the asset managers and proxy consultants – who manage money for investors and help them determine how to vote in shareholders ’meetings – opposing“ illegal Dei practices ”and give priorities for the value of shareholders and financial returns.

“The proxy managers and advisors of the agency who continue to determine the priorities of political actions, such as Dei, on financial performance, neglect their credit responsibilities. As state employees, we face the duty to dispose of the best financial interests of pension and retirement. Among 24 financial officials in the state, he said in a statement to the Fox News Digital newspaper.

“President Trump has explained that the integration of Dei should be stopped into the company’s policies, but active investors, asset managers, and agent consultants still give priority to a political business schedule on financial returns. By using their impact on corporate councils and financial institutions, organizations for the shares of the National Council, and they are involved for preparation, the financial stocks. News Digital.

Although Trump rejected DEI policies for companies, Olelek said activists continue to “give priority to political devices for financial returns” that could “wear the value of shareholders.” Meanwhile, Olic and 24 financial officials from all over the country are defending the “Participation Policy of Measurement of shareholders as the main measure of success.”

“Under the Trump administration, we saw that the Supreme Education Council takes steps to combat radical ideology in companies by issuing new guidelines that carry these activists responsible for trying to influence incorrectly on companies and corporate councils to give priority to political plans from the left left, instead of focusing on the comparative duty, will continue to shareholders in the field of converging policy. Executive of the State Financial Employees Corporation (SFOF) OJ OLKA for Fox News Digital.

The signatories include the letter of financial officials from Alabama, Alaska, Arizona, Indiana, Iowa, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, North Dakota, Oklahoma, Pennsylvania, South Carolina, South Dakota, Texas, Outha.

Includes companies, asset managers and consultants who receive the message SEC, Blackrock, Capital Group, Fidelity, Franklin Resources, State Street, T Brown-Forman, Caterpillar and Deree & Co. Nisa, Pepsico, Stanley Black & Decker, Target, Toyota, Jarrad and Walmart supplies.

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SEC did not immediately respond to the Fox News Digital request for comment.