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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": "Part 1 of 3 in a series critiquing 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": "Combined CEO-Chair Roles By Index",
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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.\nHistorically, 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.\nCombined Chair/CEO roles in the S&P 500 have decreased by 13% over the last 10 years, the most significant decrease across the indices.\nCombined Chair/ CEO roles are on the decline, and they now are present at less than half of the companies across all U.S. indices.\nMoreover, 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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      "kind": "title",
      "text": "Separating Chair and CEO roles is increasingly regarded as the prevailing 'Best Practice'",
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      "arcName": "Overcoming the Monster",
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