BlackRock throws its weight around

Lorraine Woellert & Catherine Boudreau, POLITICO, 20 July 2021

Investment giant BlackRock Inc. has more than doubled its support for shareholder proposals this year, throwing its weight behind efforts to oust corporate directors and force reporting on greenhouse gas emissions, lobbying and diversity. BlackRock's 2020-21 Investment Stewardship Report reveals the investment firm sided with shareholders 35 per cent of the time, up from 17 percent a year ago, and voted against corporate management at 42 per cent of shareholder meetings this year, up from 39 per cent since...

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