BlackRock to give clients more say on holding companies to account By Reuters – Investing.com UK

  • Date: 08-Oct-2021
  • Source: Investing.com
  • Sector:Economy
  • Country:Middle East
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BlackRock to give clients more say on holding companies to account By Reuters – Investing.com UK

By Simon Jessop and Ross Kerber

LONDON/BOSTON (Reuters) -BlackRock Inc plans to give large clients more of a say on ballots cast at company annual meetings, a move that some industry experts predicted could result in companies facing more opposition from rebellious shareholders.

BlackRock (NYSE:) - the world's largest money manager with $9.5 trillion in assets - typically casts the votes of shares on behalf of investors in its funds, making it one of Wall Street's most influential voices on matters ranging from corporate director elections to climate change and workforce diversity.