The decision was placed on the asset supervisor’s annual proxy poll in a bid to vary its company bylaws to require an impartial chair.
BlackRock’s Larry Fink: ‘Portfolio of the longer term’ contains non-public markets
Within the submission, Bluebell acknowledged: “The CEO of BlackRock can also be the chair. The position of the CEO is to run the corporate. The position of the board is to offer impartial oversight of the CEO. Subsequently, typically phrases, there’s an inherent battle of curiosity for a CEO to behave as her/his personal oversight as chair.”
“Whereas every state of affairs must be reviewed on a case-by-case…
