BlackRock, Others Urge Boards To Boost Investor Engagement
By Karlee Weinmann (July 22, 2014, 4:41 PM EDT) -- Several major institutional investors, including BlackRock Inc., have urged the 1,000 biggest public companies in the U.S. to rein in bitter activist plays by adopting a framework for better engaging with investors pioneered in part by the chairman-elect of Cadwalader Wickersham & Taft LLP.
Representatives from asset managers BlackRock, the Vanguard Group Inc. and Duff & Phelps Corp., plus a slew of directors at major companies, signed a letter that was made public Tuesday and is being distributed to the boards of big public firms this month.
"Engagement between public company directors and their company's shareholders is an idea whose time...
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