Tag: Larry Fink
Splitting CEO and chair jobs becomes proxy season feature
Activists argue combining CEO and chair roles creates ‘inherent conflict of interest’.
ESG performance ‘now an integral factor in executive pay’
Research shows US companies with higher revenues focus on ESG factors when determining C-suite incentive plans.
Governance in 2023: a step into the spotlight
In 2023, governance became an issue for us all: ESG is now a loaded term, while the spectre of AI is raising everyone’s game.
News round-up: this week in governance
ClientEarth sends fossil fuel warning; Tennessee sues BlackRock; PwC seeks independent directors; the positive impact of altruistic CEOs.
Call to scrap ‘ESG’ as a term
The ESG label is ‘politicised, simplistic and restrictive’ and should be jettisoned, believes senior academic.
Fink: the term ESG has been ‘weaponised’
But investment giant BlackRock’s chief executive said its focus on long-term investment and corporate governance would continue.
Larry Fink puts focus on finance and inflation
Although BlackRock’s CEO does not mention the term ‘ESG’ in his annual letter, he highlights the investment risks posed by climate change.
News round-up: this week in governance
Bluebell Capital targets BlackRock’s Fink; EY boasts of audit independence; firms ‘face higher audit costs’; when the CFO sounds like the CEO.
US moves to link ESG and executive pay
Wall Street trend is to tie reward to ESG performance, especially in terms of diversity, equity and inclusion, finds research.
BlackRock to test shareholder democracy in the UK
Chief executive Larry Fink seeks ‘to translate individual investor views into voting instructions’ for the first time.