BlackRock pushes back against tech 'overboarding' by voting against directors

Opposing ‘overstretched’ board members

BlackRock is pushing back against directors sitting on too many boards within the technology industry by increasingly voting against their reappointments.

BlackRock has voted against the reappointments of various board members in recent months according to regulatory filings, such as Egon Durban, board director at Twitter who sat on six other company boards. Durban lost his reappointment vote in May, but the company said he could stay on if he left two other board positions. The push back against "overboarding" is part of a greater effort by the asset manager to improve corporate governance as part of its ESG philosophy. BlackRock previously said that it wants people to serve on no more than four company boards. BlackRock Continental ...