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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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      "kind": "callout",
      "text": "BlackRock is simply not in the position to fulfil its stewardship responsibilities. The Board, due to lack of independent oversight, has failed to recognised this issue.",
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      "text": "In a dual class share structure, defending the status quo of the high voting shares, over-represented at board level; Voting in favour of Directors convicted for six years in prison for serious financial crimes; Supporting the re-appointment of a Director who served as Chair of the ESG Committee at the Board of a company responsible for one of the most severe environmental contaminations on the shores of the Mediterranean Sea",
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      "text": "The reality is that BIS is severely understaffed, with a team of ~70 people handling 171,500+ voting decisions, at the shareholders meeting of 14,100+ companies across 69 markets every year.",
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      "text": "[...] the proponent has made multiple misguided, incorrect and contradictory criticisms of BlackRock that are rooted in its disagreement with proxy voting decisions made by BlackRock’s Investment Stewardship team (“BIS”) on behalf of the Company’s clients. This includes instances where BIS did not support the proponent’s campaigns as BIS did not consider doing so to be in the best long-term financial interests of our clients. — BlackRock Proxy Filing 2024",
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      "text": "1. Source BlackRock Proxy Filing 2024",
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      "text": "BlackRock's Rejection vs Bluebell Capital Partners Response",
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      "text": "BlackRock opposition is meritless and self-referential (2/4)",
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