Vanguard, BlackRock lag State Street on some proxy votes seeking political donation disclosures: new study

Wall Street has slowly begun asking for more disclosure of political donations — although not every big institutional investor votes consistently for more transparency. That’s the conclusion of a new study by the Washington, D.C.-based Center for Political Accountability, which found that many Wall Street investment firms voted for shareholder proposals surrounding political donations during the 2020 proxy voting season, which ended in June 2020. But Vanguard and BlackRock have not been among them, according to the center’s December study. Of 69 large investment firms polled, 30 voted for poli…

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