Posted on 12/16/2021 12:28:00 PM PST by Mount Athos
Top asset manager BlackRock Inc (BLK.N) on Tuesday said it wants U.S. companies to aim for a board that is 30% diverse and, for the first time, contains at least one member from an under-represented group.
In new guidelines explaining its priorities for 2022 at portfolio companies, posted on its website, the $9.5 trillion asset manager also gave companies new guidance for reporting on climate change.
Together, the updates showed the influential New York-based firm taking steps similar to other big asset managers pressing portfolio companies on environmental, social and governance considerations.
Earlier this month Goldman Sachs Group Inc (GS.N) said it wants big companies to have at least one director from an under-represented group, citing the growing availability of corporate disclosures showing personal diversity data. read more
Boards have been bolstering their diversity by adding new members in recent years, in line with growing attention to the subject from investors, employees and customers.
Among S&P 500 companies, 21% of directors are either Black, Asian or Hispanic, according to executive recruiting firm Spencer Stuart. Women now make up 30% of all S&P 500 directors, Spencer Stuart said.
According to language sent by the spokesperson, directors from under-represented groups can include racial or ethnic minorities, people who identify as LGBTQ+, people with disabilities and veterans.
BlackRock's guidelines did not specify when it would vote against directors at companies that did not meet its new standards, but they indicated the focus would be on large companies first. A lack of diversity was a major reason the firm voted against more directors in 2021 than in prior years.
BlackRock also said it would encourage companies to show how their business plans would be resilient amid efforts to limit global warming, and noted the opportunities offered by new energy sources.
(Excerpt) Read more at reuters.com ...
“Equity” is dog-whistle for “Kill Whitey.”
. Do you know what an ESG rating is? You better!
I wish the “parallel economy” would hurry up
is there any non woke banks anyone knows of yet?
BlackRock is owned and managed by similar Satanic individuals referenced by Jesus Christ in John 8:44, so it should come as no surprise to see them take such hostile and destructive action toward white Christians who are hard-working and highly successful in their own merits.
“Top asset manager BlackRock Inc (BLK.N) on Tuesday said it wants U.S. companies to aim for a board that is 30% diverse and, for the first time, contains at least one member from an under-represented group.”
Performance be dammed, you must be racist. Cultural communism.
How is this legal?
Blackrock is the investment firm that manages the C, S, and I funds within the TSP of government employees.
Larry Fink is in bed with the communist chinese and is pulling this crap to undermine the USA and freedom.
“You are of your father the devil, and your will is to do your father's desires. He was a murderer from the beginning, and does not stand in the truth, because there is no truth in him. When he lies, he speaks out of his own character, for he is a liar and the father of lies.” — John 8:44
“...and veterans.” No, no, and hell no! Do NOT lump me in with the lame, lazy and crazy nor with entitled blacks, bitchy, over-bearing career women or the guys who want to stick their cocks up other men’s asses. Being acknowledged as an honorably discharged veteran of the United States Marine Corps is all the “privilege” I need in this life. Anything else, I’ll earn on my own.
These people are crony-capitalists extraordinaire. They are in bed with government, its cheap money, its regulators, and its politicians
Isn’t it Racist to demand others commit Racist acts at your behest??
It is legal because they are not being sued! With all the crap the rats are generating, it takes deep pockets to continue lawsuits against all they are doing. They are doing to the general population what they do to the individaul—sue them into poverty should they disagree to their policies.
ESG=hire more CCP members:
Oh, and the county assessment of your home? Going through the roof due to inflation? Can’t afford property taxes? They’ll buy the home and rent it back to you:
You’ll own nothing and be happy.
MY corporation.
MY CHOICE
Now we know for certain that members of Board of Directors have always been chosen by whim and not by any intellectual or financial acumen.
Amen brother!
Let’s see how far they get when stocks under perform for a decade (they don’t even have to crash, just grow less than the rate of the Bidinflation). Maybe the white Baby Boomers who endorse this nonsense with their voting habits will finally come around.
Blatant discrimination.
You'll never end discrimination by discriminating.
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