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Vinson & Elkins LLP

Vinson & Elkins' Quarterly Securities & ESG Updates - Fall 2023

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Welcome to Vinson & Elkins’ Securities and ESG Updates. Our aim is to provide insights into notable developments in securities reporting and the environmental, social and governance space over the quarter and, where...more

Vinson & Elkins LLP

ESG: Balancing Priorities at the Leadership Level

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On July 12, 2023, Vinson & Elkins counsel Jon Solorzano, former Senior Director, Legal and Corporate Development for The Clorox Company, joined Pam Cone of Amity Advisory for “ESG: Balancing Priorities at the Leadership...more

Latham & Watkins LLP

BlackRock 2022 Letter to CEOs Highlights the Importance of Sustainability

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The world’s largest asset manager stressed that sustainability issues will continue to be fundamental to companies’ long-term economic outlook. On 17 January 2022, Larry Fink, the founder and chief executive of...more

Cooley LLP

Blog: Blackrock to permit some clients to vote—what will be the impact?

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According to the Financial Times, “[p]ension funds and retail investors have complained for years over their lack of ability to vote at annual meetings when using an asset manager.” Last week, BlackRock, the largest asset...more

Cooley LLP

Blog: BlackRock flexes its muscles during the 2020-21 proxy period

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Although BlackRock, which manages assets valued at over $9 trillion, and its CEO, Laurence Fink, have long played an outsized role in promoting corporate sustainability and social responsibility, BlackRock has also long been...more

Cooley LLP

Blog: BlackRock uses its voting power to support environmental and social issues

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The outside pressure has been on. As reported by Bloomberg, “[e]nvironmental advocates in cities including New York, Miami, San Francisco, London and Zurich targeted BlackRock for a wave of protests in mid-April, holding up...more

BCLP

Findings of the final Hampton-Alexander Review

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The Final Hampton-Alexander Review regarding women on boards has been published. This business-led independent Review has achieved significant progress - women now make up around 40%, in aggregate, of the non-executive...more

Akin Gump Strauss Hauer & Feld LLP

BlackRock and State Street Proxy Voting Guidelines Update

Key Pointss - 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. -...more

Cooley LLP

Blog: BlackRock details its climate expectations

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In his 2021 letter to CEOs, BlackRock CEO Laurence Fink asked companies to disclose a “plan for how their business model will be compatible with a net zero economy”—that is, “one that emits no more carbon dioxide than it...more

Cooley LLP

Blog: BlackRock reports on investment stewardship activities in connection with climate change

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Although it may seem like the last millennium, it was only in January of this year that the CEO of BlackRock, Laurence Fink, in his annual letter to CEOs, announced a number of initiatives designed to put “sustainability at...more

Goodwin

State Street and BlackRock Tell Public Company Directors That The Time Is Now To Focus On Sustainability and ESG

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In January 2020, two of the largest asset managers, State Street Global Advisors (SSGA) and BlackRock, emphasized that they will hold Boards of Directors accountable for not making significant progress on sustainability and...more

Fenwick & West LLP

Want to Join a Corporate Board? Here's How

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As scrutiny of public company leadership increases, corporations are feeling the pressure to get out ahead of criticism by examining and adjusting the makeup of their boards. This makes 2020 a great time for business leaders...more

Bass, Berry & Sims PLC

Advance Notice Bylaw Provisions Upheld by Delaware Supreme Court

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In a previous blog post, we discussed the Delaware Chancery Court’s decision in Saba Capital Master Fund, Ltd. v. Blackrock Credit Allocation Income Trust and its relevance to the interpretation of advance notice bylaw...more

Jones Day

BlackRock Focuses on Climate Change: What Companies Should Do Now

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The Situation: BlackRock, the world's largest asset management firm, announced initiatives to make climate change and other sustainability issues a cornerstone of its investment strategy, including plans to increase offerings...more

Ballard Spahr LLP

GC Insights: BlackRock Issues Letter to CEOs

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BlackRock’s Chairman and Chief Executive Officer Larry Fink issued his annual letter to CEOs and a letter to clients on January 14, 2020. Both letters focused on the importance of climate change and sustainability in the...more

Cooley LLP

Blog: BlackRock puts sustainability at the center of investment strategy, expects more transparency in sustainability disclosure

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Was it the heartbreaking photos of scorched koalas in Australia? Was it the pressure from activists such as As You Sow, which submitted a shareholder proposal asking for a report on how the company plans to implement the new...more

Cooley LLP

Blog: BlackRock CEO promotes corporate “purpose”: should corporations step into the governmental vacuum?

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In this year’s annual letter to CEOs, BlackRock CEO Laurence Fink once again advocates the importance of a long-term approach, at the same time mourning the prevalence of political dysfunction and acknowledging the resulting...more

Wilson Sonsini Goodrich & Rosati

DOL Issues New Guidance for ESG Investing by Plan Fiduciaries

The U.S. Department of Labor (DOL), which oversees Employee Retirement Income Security Act-covered (ERISA) employee benefit plans, recently released new regulatory guidance "clarifying" that "fiduciaries may not sacrifice...more

McDermott Will & Emery

Corporate Law & Governance Update - March 2018

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Strategy and the Decline—or Rise—of the Inpatient Hospital - A series of new media reports and consultant commentary on industry evolution highlight the increasing pressure on health system boards to fully engage in...more

Cooley LLP

Blog: Blackrock Advocates That At Least Two Women Be On Each Company Board

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The lede from the WSJ is that “for the first time,” BlackRock (reportedly the largest asset management firm with $6.3 trillion under management) is “stating publicly that companies in which it invests should have at least two...more

Jones Day

"Corporation" is Not a Four-Letter Word

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The Situation: BlackRock, the world's largest money management firm, has issued a new call to corporate America: Take a leadership role in responding to broader social issues, including sustainability, diversity and economic...more

Orrick, Herrington & Sutcliffe LLP

Blackrock Talks … And U.S. Companies Must Listen: The Revolution In U.S. Equity Markets And Its Increasingly Important Impact On...

On January 16, the day after the Martin Luther King Jr. holiday weekend, BlackRock's CEO and Co-founder, Larry Fink, released his annual letter to companies...more

Dorsey & Whitney LLP

Investors’ Climate Change Voting Records Face Scrutiny

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Companies who engage with their large institutional shareholders on environmental and social issues during the 2018 proxy season should keep in mind that these investors are facing pressure from other investors on their...more

Foley Hoag LLP - Global Business and Human...

Five on Friday – Five Recent Developments that We’ve Been Watching Closely - May 2017

It’s Friday and time for another overview of developments in the field of business and human rights that we’ve been monitoring. This week’s post includes: a new report on the state of corporate human rights reporting; the...more

Cooley LLP

Blog: Blackrock Sets Its Priorities For Board Engagement

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Asset management firm BlackRock (reportedly the largest, with $5.1 trillion under management) has identified its “Investment Stewardship” priorities for 2017-2018, intended to help companies prepare for engaging with...more

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