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BlackRock adds new proxy advisor option (2024)
| Environmental, social, and corporate governance |
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| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
BlackRock, the world’s largest asset manager, announced June 11 that it would partner with a third proxy advisory service—Egan Jones—to give investors more counsel in voting the stock shares underlying the funds they own:
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BlackRock announced Tuesday that it is partnering with a third proxy advisory firm to give its clients a wider range of investment counsel as a leading expert suggested the mammoth asset manager is trying to make up for allegations that it leans into ESG (environmental, social, governance) tenets more than its fiduciary responsibilities merit. In a release obtained by Fox News Digital on Monday, BlackRock officials said the firm remains committed to providing its clients with choices that support their growing range of investment preferences via its Voting Choice program. … But a top public policy expert who has long spoken out against the politicization of the financial services sector told Fox News Digital that BlackRock is not successfully affirming any kind of apolitical fiduciary stance by bringing Egan Jones into its advisory fold. Dr. Kevin Roberts, president of the Heritage Foundation, said BlackRock’s move was tardy at best.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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