Heads Up for the 2018 Proxy Season: BlackRock Updates its Proxy Voting Guidelines
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BlackRock recently published its updated Proxy Voting Guidelines for U.S. public companies. The guidelines are in keeping with the perspectives expressed in BlackRock’s October 2017 Investment Stewardship Global Corporate Governance and Engagement Principles and CEO Laurence D. Fink’s most recent annual letter to public company CEOs. Overall, the guidelines indicate that BlackRock – like a growing number of other significant institutional investors – intends to use its proxy voting power to effect change where it believes circumstances warrant and is deeply focused on environmental and social (E&S) risk reporting and engagement.
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