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By niket’s nishant
(Reuters) -Ititusian shareholders (ISS), Blackrock investors, the growth of the highest management for the premium packages of the highest management, the increase in tension, increased tension, the energy manager, which resulted in the increase in tension, was asked to vote against the executive compensation plans.
Blackrock said the efforts to resolve their concerns after supporting about 58% of the compensation plan after the 2024 largest shareholder in 2024.
After learning that some shareholders are against the one-time awards, the active manager refused to provide any issuance of 2024 according to a proxy document in the beginning of this month.
At the same time, the company’s opinions of shareholders were not informed on how to be reported for one-time awards.
BlackRock is also engaged in investors to discuss the context behind a specific markets for CEO Larry Fink.
However, the Proxy Advisor noted that the company is not sure that such discussions will be held before any compensation change in the future.
Blackrock’s annual meeting is scheduled for May 15, where three management and two shareholders will be voted. In the event of a vote on the payment of management, the significant opposition can still affect future decisions.
The active manager did not respond immediately to the desire to comment outside the regular work hours.
In recent years, the disputes between proxy consultants and financial heavy weights on corporate governance. ISS has rejected the one-time award award in each other in Goldman Sachs, but shareholders confirmed last week.
JPMorgan Chase CEO Jamie Dimon claimed that proxy consultants often used the “inappropriate effect”.
Jack-activist campaigns in North America decreased by 7% in the first quarter in the first quarter, effortlessly on market intelligence.
However, the decline was less severe than Asia, who saw 37% decreasing.
(Report in Bengaluru Nisiktahant; Regulation by Shounak Dasgupta)
