Appendix 1(iii) – Examples of managers’ illustrations of significant votes – BlackRock
BlackRock
Vote 1
Vote 2
Company name
DowInc.
Tesla, Inc.
Date of Vote
11 April 204
13 June 2024
Fund’s holding as at the date of the vote (as % of portfolio)
Not provided
Not provided
Summary of the resolution
Commission Audited Report on Reduced Plastics Demand
Declassify the Board of Directors
How the manager voted
Against
For
Rationale for the voting decision
BlackRock believe that the company already has policies in place to address these issues.
BlackRock believe that directors should be elected annually to discourage entrenchment and allow shareholders sufficient opportunity to exercise their oversight of the board.
Outcome of the vote
Fail
Pass
Implications of the outcome
Not provided
Not provided
Not provided
Not provided
Criteria on which the vote is considered significant
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