Today, I published a letter to clients and CEOs about our Voting Choice program, which gives clients – who are the true owners of the assets we manage – the option to engage much more directly in proxy voting. I am convinced that Voting Choice has the power to transform the relationship between asset owners and companies. And, if widely adopted, it can enhance corporate governance by injecting important new voices into shareholder democracy.???? ? We’ve seen tremendous interest from our clients since announcing Voting Choice a year ago. Nearly half of all our index equity assets under management are now eligible for Voting Choice. This includes all the public and private pension plan assets we manage in the United States, as well as retirement plans serving more than 60 million people around the world. To date, clients representing 25% of the $1.8 trillion in eligible assets are enrolled in Voting Choice, and interest is only accelerating: The number of clients interested in enrolling has doubled since May.? ? We are also working to continue expanding and evolving this offering.?Today, we are building on it by extending the pool of eligible client assets that can participate in Voting Choice, expanding the range of voting guidelines from which clients can choose, and working to bring?this capability to individual investors in select mutual funds in the UK. ? We have been able to do this only because of the innovation and ingenuity of many people across BlackRock. Their work has allowed us to extend Voting Choice to the vast majority of global institutional clients, and my hope is that in the future, every investor – even individual investors – will have it as well. ? I truly believe that the dialogue between companies and their owners is critical to how we create long-term value and that bringing more voices into that process will enhance capitalism. ? I hope you’ll take a few minutes to read the letter. ? https://lnkd.in/eKeSgZmh
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