BlackRock, Inc.
Ticker: BLK
Meeting date: 24/05/2023
Meeting type: Annual
| Proposal | Mgt rec | Vote | |
|---|---|---|---|
| Management proposals | |||
| 1a | Proposal Elect Director Bader M. Alsaad | Mgt rec For | Vote For |
| 1b | Proposal Elect Director Pamela Daley | Mgt rec For | Vote For |
| 1c | Proposal Elect Director Laurence D. Fink | Mgt rec For | Vote For |
| 1d | Proposal Elect Director William E. Ford | Mgt rec For | Vote For |
| 1e | Proposal Elect Director Fabrizio Freda | Mgt rec For | Vote For |
| 1f | Proposal Elect Director Murry S. Gerber | Mgt rec For | Vote For |
| 1g | Proposal Elect Director Margaret | Mgt rec For | Vote For |
| 1h | Proposal Elect Director Robert S. Kapito | Mgt rec For | Vote For |
| 1i | Proposal Elect Director Cheryl D. Mills | Mgt rec For | Vote For |
| 1j | Proposal Elect Director Gordon M. Nixon | Mgt rec For | Vote For |
| 1k | Proposal Elect Director Kristin C. Peck | Mgt rec For | Vote For |
| 1l | Proposal Elect Director Charles H. Robbins | Mgt rec For | Vote For |
| 1m | Proposal Elect Director Marco Antonio Slim Domit Vote rationale: Board members should devote sufficient time to fulfil their responsibilities effectively. The chairperson is responsible for leading all aspects of the board’s work and should devote a significant amount of time to fulfil his or her responsibilities effectively. Board members should contribute to effective discussions and decision-making by attending all meetings. Global Voting Guidelines Time commitment of board members | Mgt rec For | Vote Against |
| 1n | Proposal Elect Director Hans E. Vestberg | Mgt rec For | Vote For |
| 1o | Proposal Elect Director Susan L. Wagner | Mgt rec For | Vote For |
| 1p | Proposal Elect Director Mark Wilson | Mgt rec For | Vote For |
| 2 | Proposal Advisory Vote to Ratify Named Executive Officers' Compensation Vote rationale: The board is responsible for attracting the right CEO and setting appropriate remuneration. A substantial proportion of annual remuneration should be provided as shares that are locked in for five to ten years, regardless of resignation or retirement. The board should provide transparency on total remuneration to avoid unacceptable outcomes. The board should ensure that all benefits have a clear business rationale. Pensionable income should constitute a minor part of total remuneration. Global Voting Guidelines CEO remuneration | Mgt rec For | Vote Against |
| 3 | Proposal Advisory Vote on Say on Pay Frequency | Mgt rec One year | Vote One year |
| 4 | Proposal Ratify Deloitte & Touche LLP as Auditors | Mgt rec For | Vote For |
| Shareholder proposals | |||
| 5 | Proposal Report on Third-Party Civil Rights Audit | Mgt rec Against | Vote Against |
| 6 | Proposal Report on Ability to Engineer Decarbonization in the Real Economy | Mgt rec Against | Vote Against |
| 7 | Proposal Report on Societal Impacts of Aerospace & Defense Industry ETF | Mgt rec Against | Vote Against |
Disclaimer
This page contains certain information as to the voting intentions of Norges Bank in its role as manager of the Government Pension Fund Global. This disclosure is provided to promote transparency as to Norges Bank’s engagement with investee companies, and in view of its approach to responsible investing. Norges Bank’s voting intention is an internal decision and has not been agreed with any third party. Please note the following:
- This disclosure is provided for information purposes only. It does not constitute advice and should not be taken as a recommendation or an instruction on any matter, including whether any relevant third party should buy, sell or retain shares, or how any third party should exercise any voting rights they may have. Any person who wishes to obtain advice should seek this from a professional adviser. This disclosure is not a proxy solicitation and is not intended to influence the vote of other shareholders.
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