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Proxy Season: Early Highlights and Emerging Themes

The COVID-19 pandemic, volatile market conditions, and increasing stakeholder attention to a range of environmental and social topics made 2020 a remarkably difficult year for many public companies. 2021 will bring new...more

SEC Kicks Off 2021 Agenda With Intense Focus on ESG Disclosures

The global COVID-19 pandemic, severe weather events, and the social unrest unleashed in the United States over the past year have amplified the role of Environmental, Social and Governance (“ESG”) as a driving factor in...more

BlackRock’s 2021 Policy Guidance

Each January, BlackRock typically previews its stewardship priorities in CEO Larry Fink’s annual letter to portfolio companies, followed soon thereafter by updated proxy voting guidelines. Given BlackRock’s position as the...more

Challenging Executive Compensation Environment

The COVID-19 pandemic and related economic disruption had a wide range of effects on public companies and their pay programs. Although there are no easy “one size fits all” solutions for executive pay, this year has scrambled...more

BlackRock Announces Major Shift Making Climate Change Central to Investment Decisions

On January 14th, BlackRock’s CEO Larry Fink issued his annual letter to portfolio company CEOs, this year titled “A Fundamental Reshaping of Finance.” The letter focuses on the potential effect that climate change will have...more

Proxy Advisory Firms Issue Voting Policy Updates for 2020 Proxy Season

Proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass, Lewis & Co. (“Glass Lewis”) have issued updated proxy voting guidelines for the upcoming 2020 proxy season. Notable policy updates issued by one or...more

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