Company: ETY
Filing Date: 2025-02-14
Form Type: N-2ASR
Source: 0001193125-25-026876
Chunk: 221

Company: Eaton Vance Tax-Managed Diversified Equity Income Fund
Filing Date: 2025-02-14
Form: N-2ASR
Chunk 221
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 for the ongoing oversight of ISS as contemplated by SEC Staff Legal Bulletin No. 20 (June 30, 2014) and interpretive guidance issued by the SEC in August 2019 regarding proxy voting responsibilities of investment advisers (Release Nos. IA-5325 and IC-33605). Such oversight currently may include one or more of the following and may change from time to time:

| • |     | periodic review of ISS’s proxy voting platform and reporting capabilities (including recordkeeping); |

| • |     | periodic meetings with ISS’s client services team; |

| • |     | periodic in-person and/or web-based due diligence meetings; |

| • |     | receipt and review of annual certifications received from ISS; |

| • |     | annual review of due diligence materials provided by ISS, including review of procedures and practices regarding potential conflicts of interests; |

| • |     | periodic review of relevant changes to ISS’s business; and/or |

| • |     | periodic review of the following to the extent not included in due diligence materials provided by ISS: (i) ISS’s staffing, personnel and/or technology; (ii) ISS’s process for seeking timely input from issuers (e.g., with respect to proxy voting policies, methodologies and peer group construction); (iii) ISS’s process for use of third-party information; (iv) ISS’s policies and procedures for obtaining current and accurate information relevant to matters in its research and on which it makes voting recommendations, and (v) ISS’s business continuity program (“BCP”) and any service/operational issues experienced due to the enacting of ISS’s BCP. |

C. Global Proxy Group

The Adviser shall establish a Global Proxy Group which is responsible for establishing the Guidelines (described below) and reviewing such Guidelines at least annually. The Global Proxy Group shall also review recommendations to vote proxies in a manner that is contrary to the Guidelines and when the proxy relates to a conflicted company of the Adviser as described below.

The members of the Global Proxy Group shall include members of the Equity Departments of Eaton Vance Management (“EVM”) and Eaton Vance Advisers International Ltd. (“EVAIL”) and EVM’s Global Income Department. The Proxy Administrator is not a voting member of the Global Proxy Group. Members of the Global Proxy Group may be changed from time to time at the Advisers’ discretion. Matters that require the approval of the Global Proxy Group may be acted upon by its member(s) available to consider the matter.

| IV. |