BlackRock Gives Clients Greater Voting Choice Amid ESG Scrutiny
- More funds and regions to be given chance to vote shares
- US lawmakers seek to curtail asset managers’ voting power
This article is for subscribers only.
BlackRock Inc. is expanding efforts to give clients invested in index funds the ability to vote their own shares on issues such as executive compensation and climate change.
The world’s largest asset manager, facing mounting scrutiny over environmental, social and governance matters, said Monday that it’s extending a voting program to more funds in the UK -- and to those in Canada and Ireland for the first time.