Mutual funds hold substantial power to inﬂuence corporate governance around the world. In the United States alone, mutual funds own over a quarter of the outstanding shares of U.S. stocks. Clearly, this represents an enormous amount of the voting power. And, along with all this power comes great responsibility. How can funds vote these proxies effectively, that is, in the best interests of the funds and their shareholders? The Mutual Fund Directors Forum, an educational organization for mutual fund independent directors, has released practical guidance to address how fund trustees and directors can exercise oversight of their proxy voting processes.