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Group Offers Automatic Proxy Voting Service On ESG Issues

Law 360

Until now general counsel worried if BlackRock Inc. or some other big investor group would vote its bloc of shares against a company's position, especially on the increasing number of shareholder resolutions dealing with ESG issues. Now there's a new bloc of voters to watch – the individual ones.

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Equitybee Adds Ex-BlackRock VP As New Compliance Head

Law 360

Equitybee Securities LLC, an affiliate of Equitybee Inc., a company focused on startup employee stock options, says it has brought on a CEO and chief compliance officer with experience at BlackRock Inc. and other investment organizations.

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BlackRock Taps Ex-SEC Division Head To Run External Affairs

Law 360

Investment management company BlackRock Inc. said Thursday it has hired the former director of the U.S. Securities and Exchange Commission's Division of Investment Management as a senior managing director and head of external affairs.

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The Environmental, Social, and Governance (ESG) Investing Landscape

Fordham Law News

Intensifying climate disasters worldwide, coupled with a renewed focus on social justice, have led companies to emphasize environmental, social, and governance (ESG) issues in their corporate strategy. [1] In 2020, companies with high ESG ratings outperformed non-ESG competitors as a group. [6] Current Trends.

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The SEC Approves Nasdaq’s Rule Requiring Companies to Disclose Board-Level Diversity (or Lack Thereof)

The Fashion Law

The Securities and Exchange Commission (“SEC”) has given the green-light to a proposal from Nasdaq that will refashion the public disclosure requirements for companies listed on the stock exchange. Specifically, Rule 5605(f) generally requires companies listed on Nasdaq’s U.S.

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Red States Ask FERC To Block BlackRock Utility Share Grabs

Law 360

Republican state attorneys general continued their crusade against environmental, social and governance-related investment measures Wednesday by asking the Federal Energy Regulatory Commission to block BlackRock Inc. from acquiring public utilities unless the investment company backs out of certain ESG-related climate agreements.

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The Future of Binding Arbitration in an Era of Stakeholder Capitalism

Fordham Law News

There is no question that pre-dispute arbitration clauses save companies money. And because of the laws of the forum state—California in both cases—the companies had to pay the arbitration fees upfront. Natural Resources Defense Council, Inc. , [14] has a similarly broad enabling effect on agency action. [15] It is not ‘woke.’