3min chapter

Money For the Rest of Us cover image

Are BlackRock and Vanguard Too Big and Powerful?

Money For the Rest of Us

CHAPTER

The Influence of Vanguard and Black Rock on Shareholder Proposals

Black rock said in 20 21 it supported forty seven percent of environmental and social shareholder proposals be cause they determined those proposals were consistent with long term value creation. They voted against proposals that they felt were trying to micromanage companies. Vanguard rge approach is similar. They'll vote case by case on the management and shareholder proposals that request adoption of specific targets or goals, but that they won't support shareholder proposals that are too prescriptive.

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