1. BlackRock: Lack of Diversity, Independence Drove Critical Board Votes

    BlackRock: Lack of Diversity, Independence Drove Critical Board Votes

    (Reuters) - Top asset manager BlackRock said on Tuesday it voted against 10% of company directors this year, up from 8.5% last year, as part of a more muscular approach to corporate governance. BlackRock gave the breakdown in its quarterly stewardship report, citing issues like a lack of boardroom diversity or director independence...

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    1. We've made adjustments in our approach.
    2. It's like any financial situation, once you see something big looming, finance tends to present-value it forward.
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