BlackRock Puts Its Votes Behind Proposals to Get Women on Boards
- Asset manager voted against board members over diversity
- Firm supported eight board diversity resolutions this year
This article is for subscribers only.
BlackRock Inc. is holding corporate boards’ feet to the fire on diversity.
The world’s largest asset manager said it supported eight out of nine shareholder proposals on board diversity at annual meetings in the U.S. and Canada during the second quarter this year, according to a report posted on its website Thursday. At five of those companies, the firm said that it also voted against board members on the nominating committee "for failure to address investor concerns" on the issue.