{
  "docId": "019dd923-622b-71dc-a6dd-089cebe93c21",
  "docSlug": "a691da1ed671",
  "documentTitle": "BlackRock (BLK)",
  "authorId": "23_Bluebell_Capital",
  "authorName": "Giuseppe Bivona & Marco Taricco",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-04-09 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.4444444,
  "pageNumber": 36,
  "pageCount": 86,
  "prevPage": 35,
  "nextPage": 37,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "Uses a quote from BlackRock's own principles to expose a failure in practice.",
  "elementsJson": [
    "headline_text",
    "quote_block",
    "bullet_list",
    "callout_box",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6dd-089cebe93c21/36",
  "deckHref": "/decks/019dd923-622b-71dc-a6dd-089cebe93c21",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6dd-089cebe93c21.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6dd-089cebe93c21#slide-36",
  "components": [
    {
      "bbox": {
        "h": 0.06,
        "w": 0.9,
        "x": 0.05,
        "y": 0.0077
      },
      "kind": "callout",
      "text": "Shouldn't BlackRock Lead Independent Director be available to meet with a dissenting shareholder?",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "34789f16-05b9-42d1-96db-343198c67890",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.7,
        "x": 0.05,
        "y": 0.0068
      },
      "kind": "list",
      "text": "However, the call was never organised and we never had a chance to discuss with BlackRock's LID",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9b394660-1953-4168-9872-3dbe380f8925",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.9,
        "x": 0.05,
        "y": 0.0046
      },
      "kind": "list",
      "text": "As part of our three-year long engagement with the Company, and on the knowledge that BlackRock \"strives to meet the same standards of transparency that we ask of the companies our clients are invested in\"(2), on April 6, 2023 we wrote to BlackRock that \"as a dissenting shareholder, we would welcome a call with BlackRock pro-tempore Lead independent director to discuss the matter\" (Bluebell Capital Partners email to BlackRock, 6 April 2023)",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cf937a8f-5d98-4ad6-a062-d954bb21feef",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.75,
        "x": 0.12,
        "y": 0.00115
      },
      "kind": "quote",
      "text": "The lead independent director or another appropriate director should be available to meet with shareholders in those situations where an independent director is best placed to explain and contextualize a company's approach",
      "attrs": null,
      "subkind": "pull-quote",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "08ee5389-f22d-4e87-b034-c9b7300f8d5b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "\"The lead independent director or another appropriate director should be available to meet with shareholders in those situations where an independent director is best placed to explain and contextualize a company's approach\" — BlackRock Investment Stewardship Global Principles",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-2041-7259-a86f-4540e8287ba5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.009
      },
      "kind": "source-note",
      "text": "1. BlackRock Investment Stewardship Global Principles Effective as of January 2024... 2. Larry Fink Dear Client Letter, 2021...",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "46685262-cd59-4036-a060-16c546e1ab35",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.75,
        "x": 0.08,
        "y": 0.04
      },
      "kind": "title",
      "text": "Unavailability of LID to meet with dissenting shareholders",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "62f6a387-53b5-44ae-a12b-a280099b1e54",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "ceo-quote-contradiction",
      "slug": null,
      "matchId": "180f2a9b-12a7-4d76-95d5-f6ed5f99d418",
      "evidence": "Contrasts BlackRock's stated principles with their actual behavior regarding shareholder engagement.",
      "confidence": 0.95
    }
  ],
  "arcBeats": [
    {
      "to": 40,
      "from": 31,
      "beatId": "a481b160-192a-458d-a0d9-1cf51deb2a8e",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Evidence",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "The document provides evidence to support the need for an independent board chair",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}