Take Two: BlackRock - Investor Gigante
Download as PPTX, PDF
0 likes259 views
BlackRock is the world's largest asset manager, with $4 trillion under management. It owns 5% or more of shares in 40% of public companies, and is the single largest shareholder in one of every five companies. With 20 analysts on its governance team, BlackRock engages with companies through letters and discussions rather than shareholder proposals, and makes voting decisions independently of proxy advisors based on its fiduciary duty to clients.
Take Two: BlackRock - Investor Gigante
- 1. Take Two Broc Romanek Editor, TheCorporateCounsel.net Episode 1: BlackRock, Investor Gigante
- 2. New Zealands Finest Michelle Edkins
- 3. Worlds Largest Asset Manager $4 Trillion under management Owns 5% of 40% of public companies Single largest shareholder in 1 of every 5 During 12 proxy season, voted on 130k proposals at 14k meetings
- 4. Governance Activities 20 analysts on governance team Never filed a shareholder proposal Almost always tries engagement before voting against management CEO Larry Fink sent letter to many in 12: We reach our voting decisions independently of proxy advisory firms on the basis of guidelines that reflect our perspective as a fiduciary investor with responsibilities to protect the economic interests of our clients