OK SB568

All shares held by or on behalf of Oklahoma governmental entities must be voted solely in the pecuniary interest of plan participants and beneficiaries

Governmental entities cannot follow proxy adviser recommendations unless the adviser commits in writing to follow guidelines based solely on pecuniary factors

Proxy voting authority cannot be granted to external parties unless they commit in writing to act solely upon pecuniary factors

Annual proxy vote reports must be submitted to the State Treasurer and posted publicly, including vote caption, plan vote, management recommendation, and proxy advisor recommendation

Effective date is July 1, 2025, with emergency provisions for immediate effect upon passage