“The world’s largest asset manager revealed on Thursday that from next year, some institutional clients will be able to play a bigger role in shareholder votes. The move will apply to about 40% of $4.8 trillion in index equity assets that BlackRock manages.”
[COMMENTARY]This freedom is long overdue. Each institutional client needs to decide what its objectives are regarding its holdings and consequent relationship with them. Then, their assets may perform even better!
BlackRock’s Landmark Move on Proxy Votes Fuels a Big ESG Debate, by Tasneem Hanfi Brögger and Sam Potter, October 8, 2021, Bloomberg on Yahoo! Finance, USA.