Investments; requiring all shareholder and ownership interest votes to be in the pecuniary interest of the beneficiary. Effective date. Emergency.

SB 568 requires Oklahoma state entities managing public funds (like pension plans) to vote all shares solely based on financial benefit to plan participants and beneficiaries. It prohibits investment managers or government entities from following proxy adviser recommendations unless those advisers commit in writing to follow only financial guidelines. The bill also mandates annual reports of all proxy votes to the State Treasurer, including vote details and adviser recommendations, to be posted publicly. These changes apply to all state agency investments holding shares for public funds.