BlackRock’s False Voting ‘Choice’

Asset managers say they’re giving investors new proxy vote options. But the power still lies with the proxy adviser duopoly, Glass Lewis and ISS.

July 24, 2023 6:38 pm ET

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BlackRock has won media plaudits for purportedly democratizing proxy voting for retail investors. If only. Instead, the asset manager is trying to blunt criticism of its environmental, social and governance (ESG) approach, while empowering the proxy advisory duopoly that promotes the same progressive agenda.

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