BlackRock voted against election of six independent directors at Top Glove amid foreign labour issue
KUALA LUMPUR (Jan 6): BlackRock, the world's largest asset manager that currently holds a 1.61% equity stake in Top Glove Corp Bhd, voted against the re-election of six independent directors at the rubber glove maker's annual general meeting today, as it holds the view that the board had failed in its oversight responsibility relating to its migrant workers' health and safety. BlackRock also “intends to hold other incumbent directors not on the ballot at this AGM accountable, by voting against their re-election at future shareholder meetings”, it said in its Vote Bulletin released this e...
Source: theedgemarkets.com