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since the ESOP trustee is the shareholder the trustees required by law and has a fiduciary duty to vote the shares in the plan and will vote the shares in any situation where shareholder vote is required annually to elect the Board of Directors or to approve larger transactions or more docHub transactions in a certain small list of transactions in the code however the trustee is required to pass through a request for voting instructions to the ISA participants in the event of merger liquidation dissolution or sale of substantially all of the assets of the company rare events but events that do come up at time to time for maturity some companies