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Welcome to the BlackRock site for institutional investors
Before you proceed, please take a moment to review and accept the following Terms and Conditions:
BY CLICKING ON “I AGREE”, I DECLARE I AM A WHOLESALE CLIENT AS DEFINED IN THE CORPORATIONS ACT 2001.
What is a Wholesale Client?
A person or entity is a “wholesale client” if they satisfy the requirements of section 761G of the Corporations Act.
This commonly includes a person or entity:
- who holds an Australian Financial Services License
- who has or controls at least $10 million (and may include funds held by an associate or under a trust that the person manages)
- that is a body regulated by APRA other than a trustee of:
(i) a superannuation fund;
(ii) an approved deposit fund;
(iii) a pooled superannuation trust; or
(iv) a public sector superannuation scheme.
within the meaning of the Superannuation Industry (Supervision) Act 1993 - that is a body registered under the Financial Corporations Act 1974.
- that is a trustee of:
(i) a superannuation fund; or
(ii) an approved deposit fund; or
(iii) a pooled superannuation trust; or
(iv) a public sector superannuation scheme
within the meaning of the Superannuation Industry (Supervision) Act 1993 and the fund, trust or scheme has net assets of at least $10 million. - that is a listed entity or a related body corporate of a listed entity
- that is an exempt public authority
- that is a body corporate, or an unincorporated body, that:
(i) carries on a business of investment in financial products, interests in land or other investments; and
(ii) for those purposes, invests funds received (directly or indirectly) following an offer or invitation to the public, within the meaning of section 82 of the Corporations Act 2001, the terms of which provided for the funds subscribed to be invested for those purposes. - that is a foreign entity which, if established or incorporated in Australia, would be covered by one of the preceding paragraphs.
As an independent, fiduciary asset manager, BlackRock is committed to acting at all times in the best long-term interests of our fund investors. We undertake our investment stewardship activities to protect and enhance the economic value of the companies in which we invest on their behalf.
BlackRock's investment stewardship team is based in five key regions – the United States, Europe, Japan, Hong Kong and Australia – and undertakes engagement with and proxy voting at portfolio companies on behalf of fund investors globally.
BlackRock aims to take a common view in-house regarding our engagement and voting policies and utilises the investment stewardship group to coordinate, communicate and carry out these policies across the 85+ markets and approximately 15,000 shareholder meetings at which BlackRock votes each year.
BlackRock has developed regional guidelines for the key markets in which it invests. These guidelines incorporate the legal framework of each region as well as the specific market practices. There may be slight inconsistencies due to differing market practices across regions.
While we subscribe to research from the proxy advisory firms ISS and Glass Lewis, it is just one input into our vote analysis process, and we do not follow their recommendations on how to vote. Other sources of information we use include the company’s own reporting (such as the proxy statement and the website), our engagement and voting history with the company, Environmental, Social And Governance (ESG) research and our portfolio managers.
In certain instances BlackRock may determine to engage an independent fiduciary to vote proxies as a safeguard to avoid potential conflicts of interests or as otherwise by applicable law.
We inform clients about our voting and engagement policies and activities through direct communication and through disclosure on our website. On a quarterly basis, we publish reports which provide an overview of our investment stewardship activities during the quarter, including regional market developments, engagement highlights and key votes. We also make public our market-specific voting guidelines for the benefit of clients and companies with whom we engage. All of these reports are available at https://www.blackrock.com/corporate/about-us/investment-stewardship.
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