TheCorporateCounsel.net

Earlier this week on The Proxy Season Blog, Liz shared that BlackRock has put a hold on planned engagement meetings on the heels of last week’s updated CDIs about Schedule 13G eligibility for large “passive” shareholders. On Wednesday, Reuters reported that Vanguard has followed suit.

It appears, for now, that these moves are temporary while both asset managers assess the impact of the new guidance. If not, Liz noted that this would be an even bigger deal than the “engagement hushing” practices I blogged about last week, and companies may end up with less visibility into feedback & voting inclinations going into their annual meetings.

Check out our “Schedules 13D & 13G” Practice Area for related law firm memos. If you do not have access to all our Practice Area resources or the latest insights provided in the Proxy Season Blog here on TheCorporateCounsel.net, sign up online or email sales@ccrcorp.com.

– Meredith Ervine