UPDATE 2-BlackRock stands by climate priorities, sees tougher shareholder votes [Reuters]
BlackRock, Inc. (BLK)
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Source: Reuters
BlackRock stands by climate priorities, sees tougher shareholder votes - Reuters 4 Min Read BOSTON/LONDON (Reuters) - BlackRock Inc executives who set the asset manager’s influential proxy votes on Tuesday outlined tougher priorities tied to climate change and executive pay for the upcoming corporate annual meeting season taking place amid the coronavirus pandemic. The comments fleshed out details about how the $7 trillion asset manager would cast its shareholder votes at a time of economic uncertainty. BlackRock Chief Executive Larry Fink laid out a more forceful approach in January after criticism from investors. Michelle Edkins, BlackRock’s ( BLK.N ) global head of investment stewardship, said in an interview on Tuesday that the pandemic is consuming corporate attention but indicated that BlackRock will not cut company directors slack as it decides whether to back their re-election. BlackRock will continue to judge whether boards have made progress against goals BlackRock has tou
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