BlackRock Takes First Step Towards Shareholder Democracy


    BlackRock Takes First Step Towards Shareholder Democracy

    < img width=" 789" height=" 460" src=" "class=" attachment-featured-single size-featured-single" alt loading=" lazy" sizes ="( max-width: 789px) 100vw, 789px" srcset =" 300w, 768w, 459w, 789w, 50w, 1592w" > BlackRock logo design outside business head office in Manhattan.( Carlo Allegri/Reuters)
    Blackrock’s remediation of proxy ballot by investors is a step toward better corporate governance.


    is making history with an innovative policy change: It will soon let its biggest institutional customers vote on business proxy matters themselves. While critics note that this transformation from BlackRock voting its customer’s shares is restricted to a small group of well-heeled funds, the relocation could spark a past due renaissance for investor democracy.

    That would deal with a paradox that accompanied the incredible increase of index funds considering that the 1990s. The large accessibility of low-priced index products equalized share ownership, allowing every home unmatched access to capital markets. But control of the resulting vote moved in the opposite direction. It is …

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    Published at Thu, 09 Dec 2021 11:30:53 +0000

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