Live Breaking News & Updates on States Proxy Voting Guidelines

Stay updated with breaking news from States proxy voting guidelines. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

BlackRock and State Street Proxy Voting Guidelines Update | Akin Gump Strauss Hauer & Feld LLP


[co-author: Camille Youngblood]
Key Points:
Large asset managers like BlackRock and State Street have recently published updates to their proxy voting guidelines primarily focusing on diversity and inclusion and climate risk disclosures.
BlackRock’s key changes include updating its voting behavior to address board quality and composition issues, emphasizing its commitment to net zero emissions and climate risk disclosures, alongside other changes related to human capital management, key stakeholder interests and executive compensation.
State Street’s updates include new voting guidelines to address racial and ethnic diversity, aligning its stewardship with the goals of Climate Action 100+ and encouraging companies to improve their R-Factor scores. ....

United States , Cyrus Taraporevala , Larry Fink , Governance Committee , Akin Gump Strauss Hauer Feld , Compensation Committee , Task Force On Financial Disclosures , Us Equal Employment Opportunity Commission , Institutional Shareholder Service , Akin Gump Strauss Hauer , State Street , Climate Action , Rock Investment Stewardship , State Street Global Advisors , Proxy Voting , Risk Larry Fink , Task Force , Climate Related Financial Disclosures , Sustainability Accounting Standards Board , Capital Management , Employment Opportunity Commission , Blackrock Investment Stewardship , States Proxy Voting Guidelines , Benchmark Policy Recommendations , Under Glass Lewi , Paper Guidelines ,

ISS and Glass Lewis Release Updated Proxy Voting Guidelines | Skadden, Arps, Slate, Meagher & Flom LLP


the current percentage of racially/ethnically diverse directors;
whether the board’s definition of diversity explicitly includes gender, race or ethnicity;
whether the board has a “Rooney Rule” policy requiring diverse candidates to be included in the initial pool of candidates when selecting new directors; and
board skills disclosure.
Although Glass Lewis will not make voting recommendations solely on the basis of this assessment in 2021, the assessment may be a contributing factor in recommendations when other board-related concerns have been identified.
Board Refreshment/Tenure. Although investor concerns regarding a lack of board refreshment relate to staleness of director skills and erosion of independence, investors also consider a lack of board refreshment an impediment to increasing board diversity. Beginning in 2021, Glass Lewis will note as a concern instances where the average tenure of nonexecutive directors is 10 years or more and no new inde ....

United States , Meagher Flom , Purpose Acquisition Companies Spacs , Exchange Programs , Forum Provisions , Institutional Shareholder Services , Delaware Supreme Court , Peer Group , Glass Lewis , Glass Lewi , Social Risk , Supreme Court , Purpose Acquisition Companies , Short Term Incentive Plan , Equity Granting Practices , Long Term Incentive Plan , Option Exchange Programs , States Proxy Voting Guidelines , Benchmark Policy Recommendations , Latin America , Proxy Voting Guidelines Updates , Policy Updates , Executive Summary , Glass Lewis Approach , Proxy Advice , Shareholder Proposal Season ,