“BlackRock’s new proxy voting guideline will ask companies to disclose how they have determined their key stakeholders including employees; business partners (like suppliers and distributors); clients and consumers; governments and regulators; and local communities, as well as how they have considered these interests when engaging in business decision making. Companies are also expected to effectively address any adverse impacts their business practices may have on key stakeholders by overseeing and mitigating any material risks with the appropriate due diligence processes and board oversight.”
JD Supra
March 16, 2021
“Companies are also expected to effectively address any adverse impacts their business practices may have on key stakeholders.”
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Steel City Re’s reputation risk management framework presciently anticipated BlackRock’s 2021 proxy voting guidelines.
For a broader view of reputation risk, discover additional articles by Steel City Re here, mentions of Steel City Re here, and comments on newsworthy topics by Steel City Re here.
Risk governance and management, risk financing, and risk transfer through insurances comprise the constituent elements of a comprehensive enterprise reputation risk management solution. Learn about our services here.
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