voting proxies

I need to understand the concept behind voting proxies and what should investment manager take care so as not to violate the standards of Professional conduct…pls help…

do a cost benefit and decide if its worth it. if you just say F it and ignore them, its prob a violation, but if you run the numbers and its not worth it (not sure how to actually run those numbers), you are prob safe.

thanks…now i recollect…this falls under duties to clients and prop. clients…cheers

need to notify clients of your process, esp if you decide to not vote all proxies.