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On Shareholder Vote Reforms, BlackRock Sits on the Fence

Stock Market Quotes and News

BlackRock Inc declined to back or reject a regulatory proposal to reform the shareholder resolution process in a long-awaited letter distributed on Thursday, seeking instead a middle ground on a hotly contested, politicized issue. The letter provided by a spokesman for the world's largest asset manager was just one of thousands of comments filed with the U.S. Securities and Exchange Commission (SEC)...

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