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  "documentTitle": "BlackRock (BLK)",
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  "authorName": "Giuseppe Bivona & Marco Taricco",
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  "presentationDate": "2024-04-09 00:00:00",
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  "notes": "Part 1 of 3 in a series criticizing BlackRock's governance.",
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      "text": "Combined Chair/CEO roles in the S&P 500 have decreased by 13% over the last 10 years, the most significant decrease across the indices.",
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      "text": "Prevalence of Independent Chairs 2014-2023 by Index",
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      "text": "There is a general trend toward separating the Chair and CEO roles. The number of combined Chair/CEO roles has decreased across all indices since 2013, and these combined roles now make up less than half of Chair roles across all indices.",
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      "text": "Combined Chair/ CEO roles are on the decline, and they now are present at less than half of the companies across all U.S. indices.",
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      "text": "Historically, companies in the S&P 500 have had more combined Chair/CEO roles than the rest of the Russell 3000. Those companies have received the largest share of independent Chair shareholder proposals.",
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      "text": "Combined Chair/CEO roles in the S&P 500 have decreased by 13% over the last 10 years, the most significant decrease across the indices.",
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      "text": "Moreover, the number of independent Chair roles has increased across all indices, demonstrating a push for not only separate Chair / CEO roles but also truly independent oversight of the Board",
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      "text": "Combined CEO-Chair Roles: 13%",
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      "text": "Source: Harvard Law School Forum of Corporate Government, Investors Press U.S. Boards To Separate Chair, CEO Roles Posted by Subodh Mishra, Institutional Shareholder Services, on Thursday, October 12, 2023",
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      "text": "BlackRock's governance is worse than 'Worst Practice' (1/3)",
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