{"id":506533,"date":"2022-11-03T22:02:33","date_gmt":"2022-11-03T19:02:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/blackrock-letting-more-clients-vote-in-dramatic-move\/"},"modified":"2022-11-03T22:02:33","modified_gmt":"2022-11-03T19:02:33","slug":"blackrock-letting-more-clients-vote-in-dramatic-move","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/blackrock-letting-more-clients-vote-in-dramatic-move\/","title":{"rendered":"#BlackRock letting more clients vote in dramatic move"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a299dc193ffa\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a299dc193ffa\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/blackrock-letting-more-clients-vote-in-dramatic-move\/#%E2%80%9CBlackRock_letting_more_clients_vote_in_dramatic_move%E2%80%9D\" >&#8220;BlackRock letting more clients vote in dramatic move&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CBlackRock_letting_more_clients_vote_in_dramatic_move%E2%80%9D\"><\/span>&#8220;BlackRock letting more clients vote in dramatic move&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>BlackRock, the world\u2019s biggest asset manager, said Thursday it would expand the number of clients eligible to choose how to vote at company annual meetings on everything from executive pay to climate strategy.<\/p>\n<p>The \u201cVoting Choice\u201d program announced last year by the $8 trillion asset manager could reshape corporate elections both by making shareholders more involved and by diminishing the\u00a0political criticism\u00a0BlackRock\u00a0faces from  liberals and conservatives alike.<\/p>\n<p>BlackRock\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.blackrock.com\/corporate\/about-us\/investment-stewardship\/blackrock-voting-choice\">said in a statement<\/a> that at the end of September clients with around $1.8 trillion in equity index assets managed by the company were eligible for voting choices and that clients with $452 billion were doing so.<\/p>\n<p>\u201cMy hope is that in the future, every investor \u2014 ultimately including individual investors \u2014 has access to voting choice, if they want it,\u201d Chief Executive Larry Fink said in a letter to clients and company chief executives seen by Reuters.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/Blackrock-larry-fink.jpg?w=1024\" alt=\"BlackRock CEO Larry Fink\" class=\"wp-image-24515784\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/Blackrock-larry-fink.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/Blackrock-larry-fink.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/Blackrock-larry-fink.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>BlackRock CEO Larry Fink has been facing criticism from liberals and conservatives.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>\u201cIf widely adopted, it can enhance corporate governance by injecting important new voices into shareholder democracy,\u201d Fink wrote.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>Other big fund firms have also experimented with\u00a0making\u00a0shareholders more involved with voting. Last month for instance Charles Schwab\u2019s\u00a0asset-management arm\u00a0said\u00a0it would start <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/pressroom.aboutschwab.com\/press-releases\/press-release\/2022\/Schwab-Asset-Management-Pilots-New-Proxy-Polling-Solution-to-Gain-Insight-Into-Shareholder-Preferences\/default.aspx\">polling shareholders of certain funds about their voting preferences<\/a>.<\/p>\n<p>On\u00a0Wednesday,\u00a0BlackRock\u00a0rival Vanguard Group\u00a0also\u00a0said it will seek client feedback and explore how investors in several equity index funds could vote directly. \u201cOur clients have diverse perspectives, and a growing number would like the option to weigh in on how their index funds vote,\u201d Vanguard said in a statement.<\/p>\n<p>Participants in\u00a0BlackRock\u2019s program\u00a0can control how their shares are voted at corporate annual meetings, align their shares with an outside advisor\u2019s voting recommendations\u00a0or\u00a0leave the choice with\u00a0BlackRock\u2019s own stewardship team.<\/p>\n<p>Going forward, clients would be able to choose to follow advice from proxy advisor Glass Lewis as well as Institutional Shareholder Services,\u00a0BlackRock\u00a0said in an update on the program.<\/p>\n<p>In addition,\u00a0BlackRock\u00a0said it would offer voting choice to more investment strategies and work with investor communications platform Proxymity to extend choice to retail investors in some\u00a0British\u00a0mutual funds. Ultimately Fink wrote he hopes to offer choice to all individual investors.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/11\/03\/blackrock-letting-more-clients-vote-in-dramatic-move\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;BlackRock letting more clients vote in dramatic move&#8221; BlackRock, the world\u2019s biggest asset manager, said Thursday it would expand the number of clients eligible to choose how to vote at company annual meetings on everything from executive pay to climate strategy. The \u201cVoting Choice\u201d program announced last year by the $8 trillion asset manager could&#8230;<\/p>\n","protected":false},"author":1,"featured_media":506534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/Blackrock-larry-fink.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[88725,135011,71069,129952],"class_list":["post-506533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-assets","tag-11-3-22","tag-blackrock","tag-larry-fink"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/506533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=506533"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/506533\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/506534"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=506533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=506533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=506533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}