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Article: Justice signs bill targeting ESG shareholder votes into law despite board director concern

Charleston Gazette-Mail

By Mike Tony

Gov. Jim Justice has signed into law legislation that will target shareholder votes on behalf of a state retirement benefit asset management board factoring in environmental and social principles.

Justice signed House Bill 2862 into law Wednesday.

After failed attempts to scale back HB 2862, the West Virginia Legislature overwhelmingly approved it despite warnings from the executive director of the Investment Management Board the measure could be costly.

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