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  "documentTitle": "BlackRock (BLK)",
  "authorId": "23_Bluebell_Capital",
  "authorName": "Giuseppe Bivona & Marco Taricco",
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  "presentationDate": "2024-04-09 00:00:00",
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  "notes": "The slide uses a numbered list to present a series of governance-related criticisms.",
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      "text": "BlackRock’s governance is worse than what is increasingly considered 'Worst Practice'",
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      "text": "BLUEBELL CAPITAL PARTNERS",
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      "text": "1. Discretionary appointment of the Chair\n2. Oversized Board of Directors\n3. BlackRock’s co-founder Ms. Susan Wagner classified as independent director\n4. Questionable independence of three other BlackRock’s Directors\n5. Board of Director’s committees include non-independent Directors also in the position of Chair\n6. Hierarchical structure of BoD’s Committees: the Executive Committee is the ‘Committee of the Committees’\n7. The lack of independence of the Lead Independent Director is also a result of ineffective powers and authorities\n8. Unavailability of Lead Independent Director to meet with dissenting shareholders\n9. The need to prepare the impending succession for the current Chair/CEO, who is 71 years old\n10. Ineffective resolution of conflict of interest in voting its own shares owned through BlackRock’s funds\n11. BlackRock’s governance is worse than what is increasingly considered 'Worst Practice'",
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      "text": "Supporting evidence:",
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