BlackRock adds new proxy advisory firm amid ESG criticism as leading expert says 'too little, too late'
Company partnering with Egan Jones as new proxy advisor beginning in July
By Fox News —— Bio and Archives--June 11, 2024
News in Brief—News Headlines | Comments | Back To Full Article
BlackRock announced Tuesday that it is partnering with a third proxy advisory firm to give its clients a wider range of investment counsel as a leading expert suggested the mammoth asset manager is trying to make up for allegations that it leans into ESG (environmental, social, governance) tenets more than its fiduciary responsibilities merit.
In a release obtained by
Fox News Digital on Monday, BlackRock officials said the firm remains
committed to providing its clients with choices that support their
growing range of investment preferences via its Voting Choice program. ---More...
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