BlackRock Releases Its Quarterly Engagement and Voting Numbers

On June 30, 2019, BlackRock released its Investment Stewardship Report for the Americas for the second quarter of 2019. Based on the report, BlackRock has engaged with fewer companies and has voted against managements’ recommendations more frequently than it did during the same period in 2018. Governance issues were the most frequently discussed topics during BlackRock’s engagements, followed by environmental and social issues. The themes covered during these engagements were consistent with BlackRock’s 2019 focus areas included in CEO Larry Fink’s annual letter to the CEOs of public companies, available here, including board diversity and effectiveness, compensation that promotes long-termism, corporate strategy and capital allocation, governance structures and climate risks. The full text of the Investment Stewardship Report is available here.