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  "documentTitle": "BlackRock (BLK)",
  "authorId": "23_Bluebell_Capital",
  "authorName": "Giuseppe Bivona and Marco Taricco",
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  "presentationDate": "2024-04-09 00:00:00",
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  "notes": "The slide uses a quote from BlackRock's Articles of Association to frame the Executive Committee as a power-concentrating entity.",
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      "text": "The mere existence of this Committee: threatens to represent an unwelcome influence on the Board of Director committees; threatens to diminish the role of the Board of Directors; threatens to diminish the role of the Lead Independent Director; raises serious questions about the true independency of the “Independent Directors”.",
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      "text": "The mere existence of this Committee: threatens to represent an unwelcome influence... threatens to diminish the role of the Board of Directors... threatens to diminish the role of the Lead Independent Director... raises serious questions...",
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      "text": "The Executive Committee shall consist of the Chairman and Chief Executive Officer and not less than four other directors... The Executive Committee shall have and exercise in the intervals between the meetings of the Board of Directors all the powers...",
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      "kind": "quote",
      "text": "“The Executive Committee shall consist of the Chairman and Chief Executive Officer and not less than four other directors who shall from time to time be appointed by the Board of Directors. The Executive Committee shall have and exercise in the intervals between the meetings of the Board of Directors all the powers of the Board of Directors, except as prohibited by applicable law. All acts done and powers conferred by the Executive Committee from time to time shall be deemed to be, and may be certified as being, done and conferred under authority of the Board of Directors” — BlackRock, Article of Association",
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      "text": "Source: BlackRock 2024 proxy filing; Note: NCSG: Nomination, Governance and Sustainability Committee 1. Management Development and Compensation Committee",
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      "text": "Executive Committee member details including age, tenure, and roles.",
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      "kind": "title",
      "text": "Hierarchical structure of BoD's Committees: the 'Committee of the Committees'",
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      "arcName": "Overcoming the Monster",
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